Riyadh: Saudi Arabia decided to localize one more job sector. Authorities in the country decided to localize sales jobs in the insurance sector effective from April 15, 2024. The Insurance Authority issued its decision to Saudize all jobs related to sales of insurance products.
Under the new decision, insurance workers in the non-sales sector are not entitled to accept any commissions related to sales. Moreover, the authority will monitor the implementation of the localization decision from the date of issuance until the target Saudization percentage is achieved.
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Under the Vision 2030 plan, Saudi Arabia is stepping up efforts to lower unemployment rate for Saudis by pushing for more jobs in the private sector. As per the official data, the Saudis unemployment rate fell to 11.3% in the second quarter from a year ago, reaching the lowest level since the second quarter of 2016.
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