Is The Saudi Government (Unwittingly) Undermining Nitaqat?

alifarabia | October 9, 2011 | Featured Saudi Arabia, Saudi Arabia | 1 Comment

While the new Saudi nationalisation programme has great merits, the state’s coddling of public sector employees means the private sector is finding it hard to attract the local workforce. READ MORE HERE

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  1. Frontier Strategy Group Reply

    MNCs must adapt to the new environment due to Saudi Arabia’s market opportunity, but also because more stringent labor regulations are becoming a wider regional trend. In October, Gulf Cooperation Council labor ministers agreed to provide greater employment opportunities to their citizens through new policies. This year’s regional unrest has acted as a catalyst to accelerate the implementation of rigorous nationalization standards. The new regulations are not anti-globalization, but they are nationalistic in character and protectionist in some instances. While this is the new reality of the Middle East, the fundamentals of investment remain as strong as ever: high government spending, oil revenue, economic diversification programs, and attractive demographics.

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