Daily 26 Commercial Establishments Quit Labor Market

Last Updated: 10 months ago

According to the General Organization for Social Insurance (GOSI), there were 7,143 commercial establishments have left the market in the third quarter of 2018, the Saudi Gazette reported by quoting a statistical report published by GOSI.

As per the report there were only 453,715 establishments by the 3rd quarter of last year against 460,858 in Q3- 2017.

It shows 26 commercial establishments leave the market every day.

The report said around half of the total establishments in the Kingdom (229,361 units) are employing only four or fewer workers.