Employment in the Saudi private sector grows at the fastest pace in 14 years

The non -oil private sector in Saudi Arabia witnessed last June, the fastest pace in providing Jobs in 14 years, according to the data of the Procurement Manager Index issued by Riyad Bank." target ="_Blank"> The private sector non -oil. Recently, in April. It was Local sales are the main driver of this height, while foreign sales have increased slightly. However, the activity growth has slowed down to its lowest level in ten months. A significant increase in purchases was also observed, as companies have sought to obtain greater production requirements to meet the new demands, bringing the rate of purchases to the fastest rate of growth in two years. Job opportunities began in the beginning of 2025.

increased sales prices due to the high costs of production The study revealed a renewed increase in sales prices to customers in June, in light of the companies confronting greater pressure in relation to the costs of production requirements related to the high prices of raw materials. 2023, after the discounts recorded in two months from the past three months. The increase in prices is mainly due to the passing of the rise in operational costs to customers, despite the preference of some companies to reduce prices within competitive pricing strategies. /> This optimism is largely driven by flexible local economic conditions, strong demand, and improvement of sales. At the level of the show, the conditions seemed favorable as well; The data showed a strong improvement in the performance of suppliers in general.

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