Saudization, officially known as Saudi nationalization scheme, or Nitaqat system in Arabic, is the newest policy of the Kingdom of Saudi Arabia implemented by its Ministry of Labor, whereby Saudi companies and enterprises are required to fill up their workforce with Saudi nationals up to certain levels.
The Saudi Ministry of Labour announced Complete Saudization will be done in jewelry shops of Saudi Arabia within two weeks. This happened in the situation of time period given in the October first week. There will not be any reduction in law said the Spokesman of Ministry Khalid Abaqil. The Spokesman of Ministry gives a Twitter message that, complete Saudization potencies within December five. No relaxation is done in law he added.
Saudization is done in jewelry shops according to the 2007 approval of Ministry of Saudi Arabia. According to the evaluation of the Ministry of Labour, there is no satisfied ratio in the natives of jewelry shops.The seventy percentages of people who involved in gold marketing are natives. But the majority workers in jewelleries are foreigners. Even the ministry had informed before two months about Saudization and there was no improvement. State leader of Saudi jewelry shops Karim Al Anisi says that. And he added that the Saudization happening in two weeks may affect the market.
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