Saudi Arabia achieves 92% of labor strategy: HRSD minister

Saudi Arabia’s labor market system reached 92% of the targets set in the 2020 Labor Market Strategy, Minister of Human Resources and Social Development (HRSD) Ahmad AlRajhi said.

Speaking with entrepreneurs in the Madinah region, AlRajhi said 2.5 million Saudis now work in the private sector.

He highlighted that 430,000 have benefited from freelancing initiatives, and over one million flexible and remote work contracts have been issued.

Nearly 4.5 million training opportunities were launched under the “Wa’ad” initiative with two million completed. Over 1.5 million citizens benefited from training programs provided by the Human Resources Development Fund (Hadaf), with support exceeding SAR 3.8 billion.

He added that the Social Development Bank (SDB) provided SAR 8.5 billion in support, benefiting more than 130,000 recipients and boosting small and medium enterprises while reinforcing economic stability.