Retailer welcomes new rules on Saudization for malls

SourceArab News
SectorRetail
CountrySaudi Arabia

DUBAI: Saudi conglomerate Fawaz Abdulaziz Alhokair Co. (Alhokair), one of the Kingdom's largest retailers, has welcomed a new move by the government to fully Saudize the Kingdom's shopping malls, creating more jobs in the sector for Saudi workers. Human Resources and Social Development Minister Ahmed bin Sulaiman Al-Rajhi on Wednesday issued three new labor directives that are set to transform the country's retail and restaurant sector, creating 51, 000 jobs for Saudi men and women. "We are pleased to see fresh Saudization initiatives for the retail sector.

These efforts will create new and exciting opportunities for local talent, driving exposure to new sectors and upskilling a powerful section of the local workforce," Marwan Moukarzel, CEO of Alhokair, told Arab News. "In recent years, Alhokair has worked to ensure we nurture and retain Saudi talent across the business, and we look forward to extending this program into more parts of our organization. This is a milestone for local retail, reflecting positive...read more...