Saudi private sector localization rate rises 21.81% in Q4 2020

01/02/2021 Argaam

HADAF logo


The rate of localization in private sector facilities rose to 21.81% of total workforce in the fourth quarter of 2020, compared to 20.90% in the same quarter a year earlier, data from the Human Resources Development Fund’s (Hadaf) National Labor Observatory showed.

Localization Rate in Private Sector Facilities

Period

Localization Rate 

2015

17.00%

2016

16.47%

2017

18.37%

2018

19.81%

2019

20.90%

2020

21.81%

According to the National Labor Observatory, the number of Saudi private sector subscribers in social insurance amounted to 1.75 million in Q4 2020, including 65.6% males and 34.4% female.

The Eastern Province ranked first in localization of jobs with 25.3%, followed by Riyadh (22.5%), Makkah (21.4%), Madinah (19.2%), and Asir (17.6%).


News

Prices

Aramco IPONew

Sectors

Companies

Financial Data

Financial Ratios

Analysts

IPOs

Economy

Mutual Funds

Projects

Interactive Charts