المملكة: "goal" It injects one billion riyals and employs 151,000 Saudis in industry and mining

The Human Resources Development Fund revealed that it has achieved a qualitative leap in the localization of strategic sectors, by enabling 151,000 male and female citizens to work in the two sectors Industryand mining during the past five years until the middle of the current year 2025 AD, through a package of intensive financial support and training programs aimed at enhancing the economic competitiveness of the Kingdom and keeping pace with the goals of Vision 2030.

The Fund pumped huge investments that exceeded the billion riyals barrier to finance 24 specific training agreements related to direct employment, which resulted in the qualification of more than 9,400 national cadres with advanced technical and artistic skills that meet the needs of the industrial revolution andMajor mining projects.

The Fund’s programs recorded record success rates in job stability, as the rate of sustainability of employment of the supported people in industrial sector establishments jumped to 80%, which reflects the feasibility of empowerment plans and their ability to create an attractive and sustainable work environment for national talents away from job leakage.

The Fund approved an unprecedented incentive package for establishments operating in the sector, which included raising the employment support rate to bear 50% of the Saudi employee’s wage, up to a maximum of 3,000 riyals. monthly, in a step aimed at reducing operational costs for factories and encouraging them to attract national workers.

The fund strengthened Technical competencies for Saudi cadres by supporting 15 professional certificates in precise industrial specializations, in parallel with enrolling more than 5,100 citizens in on-the-job training programs, to bridge the gap between theoretical outputs and the requirements of actual production lines.

Last year 2024 witnessed remarkable industrial growth that enhanced localization efforts, as 1,346 new licenses were issued and production began in 1,075 factories with investments amounting to approximately 100 billion riyals, which created 44 thousand new jobs, which the Fund rushed to provide with qualified personnel immediately.

These efforts are integrated with the objectives of the National Strategy for Industry, which seeks to reach the manufacturing domestic product to 895 billion riyals, and provide 2.1 million job opportunities by 2030, with a focus on localizing global supply chain technologies and complex industries.

The Fund works as a strategic partner in the Kingdom’s transformation towards a sustainable industrial economy, By building a generation of competencies capable of leading the mining sector, which is the third pillar of the national industry, to ensure the investment of mineral resources with Saudi hands and innovative minds.