الرئيسية
DIANA AL-JASSEM | ARAB NEWS
Saudization in gold and jewelry shops reached 100 percent in 2003
following a royal decision issued by the then Interior Minister Prince
Naif. The Nitaqat system recently issued by the Ministry of Labor
defined a Saudization rate of 70 percent in the gold sector. The
decision led to misunderstandings, with many businessmen thinking they
could decrease Saudization with 30 percent in their gold shops. However,
traders confirmed to Arab News that the Saudization rate in companies
and factories is 70 percent, but gold shops have to remain fully
Saudized.
Back in 2003, many traders complained about the decision, saying it
was difficult to find qualified Saudis to handle precious metals and
stones. To solve the problem, Saudi traders and businessmen decided to
open an institute to train youth in all skilled jobs related to the
manufacture and sale of gold and jewelry.
However, despite the continuous training courses held to boost skills of Saudi salesmen, traders still have no trust in them.
Saudization in gold and jewelry shops reached 100 percent in 2003
following a royal decision issued by the then Interior Minister Prince
Naif. The Nitaqat system recently issued by the Ministry of Labor
defined a Saudization rate of 70 percent in the gold sector. The
decision led to misunderstandings, with many businessmen thinking they
could decrease Saudization with 30 percent in their gold shops. However,
traders confirmed to Arab News that the Saudization rate in companies
and factories is 70 percent, but gold shops have to remain fully
Saudized.
Back in 2003, many traders complained about the decision, saying it
was difficult to find qualified Saudis to handle precious metals and
stones. To solve the problem, Saudi traders and businessmen decided to
open an institute to train youth in all skilled jobs related to the
manufacture and sale of gold and jewelry.
However, despite the continuous training courses held to boost skills of Saudi salesmen, traders still have no trust in them.