Empowering the Future: Surge of Saudi Nationals in the Private Sector

In a significant stride towards economic diversification, Saudi Arabia has witnessed a surge in Saudi nationals joining the private sector. Over 294,000 Saudis have made the transition in the first nine months of 2024, thanks to the efforts of the Human Resources Development Fund (HADAF).

 

HADAF's strategic investments, totalling $1.5 billion, have been instrumental in empowering and upskilling the Saudi workforce. Approximately 1.7 million Saudis have directly benefited from the Fund's training, orientation, and empowerment programs.

 

The collaboration between the government and the private sector has been crucial in driving this transformation. More than 139,000 establishments across Saudi Arabia have availed HADAF's services, aligning with the nation's broader economic goals.

 

HADAF's revised strategy emphasizes adaptability to evolving labor market dynamics. By tailoring programs to specific sectors and fostering strong partnerships with training and employment stakeholders, the Fund aims to equip Saudi citizens with the skills and knowledge necessary to thrive in the modern workforce.

 

 

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