المملكة: In numbers .. Employment of 437 thousand citizens in the private sector during 2024

The Human Resources Development Fund revealed its contribution to supporting the employment of 437 thousand citizens and citizens through the fund’s programs and initiatives to work in private sector facilities during the year 2024.
The growth rate was 17% compared to 2023 AD, while the number of beneficiaries of the services, training and guidance programs provided by the fund during the past year to two million beneficiaries and benefiting with a growth rate of 5% compared to 2023 AD.

The labor market in Saudi Arabia

He explained that the number of facilities benefiting from the services of the fund during the same year exceeded 179 thousand establishments in various sectors of the labor market and from various regions of the Kingdom with a growth rate of 49% compared to 2023 AD.
Of them 95% of medium, small and micro facilities, while the total amounts spent on training, empowerment and guidance support programs during the past year reached 7.74 billion riyals.
While the national forces sustaining index in the labor market reached a year after their employment or their programs were completed 81%.

Employment in Saudi Arabia

The general manager of the Fund, Turki bin Abdullah Al -Ja’ini, explained that the fund works according to an effective partnership with various governmental and private sectors to support and empower the sons and daughters of the country to obtain job opportunities in the labor market.
He pointed out that during the past year, the fund witnessed many transformations that came from the keenness of our wise leadership – may God protect it – to invest in human capital.

Supporting training and empowerment

He pointed out that the growing numbers of beneficiaries who contributed to their employment through the services and programs of supporting training, empowerment and guidance from individuals and private sector facilities.
This comes within the Fund’s efforts in meeting the changes and requirements of the labor market and improving its efficiency, and keeping pace with developments and taking into account the priority needs and economic sectors.
In addition to developing training, empowerment and vocational guidance programs directed at national cadres, in line with the achievement of the Kingdom’s 2030 vision and labor market strategy.