Over 294,000 Saudis Join Private Sector in 2024

M. AMEENLast Updated: November 4, 2024

In 2024, more than 294,000 Saudis started working in the private sector. This was achieved with the help of a significant $1.5 billion investment from the Human Resources Development Fund (HADAF). Turki Al Jawini, the Director General of HADAF, shared this news, explaining that the fund’s goal is to help more Saudis find jobs.

Who Has Benefited from HADAF’s Support?

Around 1.7 million Saudis have used HADAF’s programs and services so far. These programs are designed to train and prepare people to work in different types of jobs. This is important for Saudi Arabia because the country wants to build a strong economy that doesn’t rely only on oil.

Big Investments in Training

In the first nine months of 2024, HADAF spent about 5.48 billion Saudi riyals, which is about $1.5 billion, on training and supporting workers. This money helps pay for training programs, job guidance, and other activities that make it easier for Saudis to find and keep good jobs.

Helping Companies and Workers

Since the start of 2024, around 139,000 businesses all over Saudi Arabia have used HADAF’s services. This shows that the government and private companies are working together more closely to improve job opportunities for people.

Why Is This Important?

HADAF’s efforts match Saudi Arabia’s big plans to change its economy. These plans include making sure that young people have the skills they need to succeed in modern jobs. By working with companies and training groups, HADAF helps Saudis become more competitive, stay in the workforce longer, and contribute to the country’s growth.

Adapting to Change

The world of work is changing fast, so HADAF is updating its programs to meet new challenges. This means offering special training that fits the needs of different industries and working closely with partners to support job seekers.

In summary, HADAF’s efforts are helping many Saudis join the workforce and build skills for the future. This is a key part of Saudi Arabia’s plan to create a stronger, more varied economy.