Saudi Human Resources Ministry, Sama Sign MoU to Localize Financial Jobs

Saudi Human Resources Ministry, Sama Sign MoU to Localize Financial Jobs

The Saudi Ministry of Human Resources and Social Development (HRSD) signed a joint memorandum of understanding with the Saudi Central Bank (SAMA) and the Human Resources Development Fund "Hadaf" to launch steps to localize jobs at the financial sector.

The memorandum aims to ensure the consistency of the work of the Ministry and SAMA to localize all sectors supervised by the central bank, increase the number of employees within its entities, and coordinate localizing and training of all financial activities.

The agreement is part of the Ministry's plans to build complementary relationships and strategic partnerships with various sectors and achieve the goals of Vision 2030, including the transformation and national programs.

Earlier this month, the Ministry announced the decision to Saudize six major sectors to create 40,000 new jobs for Saudis. The professions and activities include legal consultancy, lawyer's offices, customs clearance, real estate activities, the cinema sector, driving schools and technical and engineering jobs.

Minister of Human Resources and Social Development Ahmed al-Rajhi announced that the Ministry aims to create over 203,000 jobs in 2021.

He said the new decisions are a continuation of the Ministry's strategy to enable localize cadres to secure outstanding jobs. They also aim to provide an attractive and stimulating