Saudi Economy and Planning Minister Mohammad Al-Tuwaijri has said that one of his ministry’s priorities is to “reduce dependence on expatriate workers”.
“Our young men and women are capable of implementing the programs and projects of Vision 2030,” Al-Tuwaijri said in an interview with a local tv channel yesterday.
According to the Saudi General Authority for Statistics the number of foreign workers in the public and private sectors reached about 10.69 million in the third quarter of 2017, compared to 10.79 million in the second quarter of the same year.
Saudi Arabia has intensified efforts to localize many economic sectors mainly insurance, communications, and transport as unemployment rates in the Kingdom reached 12.8 percent.
The minister said: “the kingdom is seeking to reduce it over the next few years to 7 percent as nearly a quarter of a million Saudi graduates enter the labor market annually”.