Saudi Private Sector Sees Steady Growth in Workforce Localization

  • Date: 28-Oct-2020
  • Source: Al Bawaba
  • Sector:Economy
  • Country:Saudi Arabia
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Saudi Private Sector Sees Steady Growth in Workforce Localization

 

Saudi Arabia's General Authority for Statistics (GASTAT) announced in its monthly report that the total Saudi exports reached SR57.3 billion in August, compared to SR38.9 billion in imports.

 

Official figures showed that commodity exports decreased by 25.1 percent, compared to the same period last year, to reach SR57.38 billion.

 

Saudi merchandise exports were affected by the decline in oil exports, which amounted to about 33.8 percent, while the Kingdom's exports rose 12.2 percent between August and July, with an increase of SR6.2 billion.

 

The Kingdom's non-oil exports grew about 5.7 percent in August to SR17.7 billion, compared to SR16.8 billion during the same month in 2019.

 

However, the imports declined 17.3 percent in August, compared to the same period last year, to reach SR38.9 billion, which was SR47.1 billion riyals in 2019.

 

Notably, Jeddah Islamic