Latest news with #NationalTransformationProgram
Saudi Gazette
13-07-2025
- Business
- Saudi Gazette
Conciliation Center issues 73,000 agreements in H1 2025
RIYADH — The Saudi Ministry of Justice's Conciliation Center issued 73,000 conciliation agreements during the first half of 2025, reinforcing the Kingdom's efforts to promote amicable dispute resolution and reduce the burden on courts. The Center facilitated more than 544,000 conciliation sessions, benefiting over 733,000 individuals. These milestones underscore the growing reliance on alternative dispute resolution mechanisms within the justice system. Central to the initiative is the Taradhi platform ( which offers remote conciliation services, enabling parties to settle disputes efficiently without the need for in-person attendance. The platform is supported by qualified conciliators with expertise in various legal and commercial domains, and all operations adhere to institutional procedures and approved regulations. Conciliation agreements concluded through Taradhi are legally binding and directly enforceable through the enforcement courts if either party fails to comply. The progress achieved by the Conciliation Center is aligned with the Kingdom's Vision 2030 and falls under the Conciliation System Activation Initiative, part of the National Transformation Program. The initiative aims to embed conciliation as a primary method for resolving disputes across Saudi society. — SG
Arab Times
11-07-2025
- Business
- Arab Times
Saudi Arabia Modernizes Labor Market with New Expat Classification System
RIYADH, July 11: Saudi Arabia's Ministry of Human Resources and Social Development (HRSD) has announced the implementation of a new framework to classify expatriate work permits into three categories: high-skill, skilled, and basic. The initiative, unveiled on the Ministry's official X (formerly Twitter) account, aims to regulate the labor market, enhance workforce development, and foster a more competitive and innovative business environment. It aligns with the strategic objectives of Saudi Vision 2030 and the National Transformation Program. Implementation Timeline and Classification Details The reclassification process for current expatriate workers began on June 18, 2025, with full rollout set for July 6, 2025. New expatriates entering the Kingdom will be subject to the classification system starting August 3, 2025. The classification system is based on a range of factors, including: A detailed guide outlining the new classification process is available on the Ministry's official website.
Filipino Times
08-07-2025
- Business
- Filipino Times
Saudi Arabia rolls out new skill-based work permit for expats
The Ministry of Human Resources and Social Development in Saudi Arabia has introduced a new classification system for expatriate work permits, dividing them into three categories: high-skill, skilled, and basic. The decision, announced by Minister Ahmed Al-Rajhi, forms part of wider efforts to raise workforce quality and enhance labor market efficiency in the country, the Saudi Press Agency reported. The system was implemented on June 18 for expatriates already employed in the Kingdom, and will apply to all incoming workers beginning July 1. This classification is meant to ensure that workers are placed in jobs that match their qualifications and experience. It also aims to bring in global talents who can help develop the local labor market through their knowledge and skills. According to the ministry, the decision will strengthen verification processes and allow better management of skill-level distribution among expatriates, aligning with international standards. Technical system upgrades have also been rolled out to support this change. A detailed guide explaining the new classification is available on the ministry's official website. The initiative is part of Saudi Vision 2030 and the National Transformation Program to build a more competitive and innovative labor environment.
CairoScene
07-07-2025
- Business
- CairoScene
Saudi Arabia Introduces Skill-Based Permit System for Expat Workers
A new classification system will group expat workers into high-skill, skilled, and basic categories based on education, wages, age, and experience, with full rollout by August 3rd. A new skill-based permit system will soon change how expatriate workers are classified, with updated criteria set to apply to all newcomers starting from August 3rd. Existing workers have already begun to undergo the reclassification process, which started on June 18th and was scheduled for full implementation by July 6th. The permit categories will be divided into three levels: high-skill, skilled, and basic. Factors such as educational background, age, job experience, skill set, and wage bracket will determine how a worker is placed within the system. A manual outlining the rules is currently available online for employers and employees to review. This development is intended to regulate how expat skills are matched to job roles across sectors and to improve how workforce data is managed. The classification is also expected to support verification systems that ensure qualifications meet job expectations and salary structures. Saudi Arabia's labour market has undergone a series of reforms under the National Transformation Program, which falls under the larger Vision 2030 initiative. These shifts have focused heavily on workforce development and reducing mismatch between job functions and employee qualifications.
CairoScene
07-07-2025
- Business
- CairoScene
80,000 New Commercial Licenses Issued in Saudi Arabia
Saudi Arabia issued over 80,000 new commercial licenses in the second quarter of 2025, with sharp growth in AI, cloud, entertainment, and foreign investment driving business momentum under Vision 2030 Saudi Arabia issued over 80,000 new commercial registrations in Q2 2025, bringing the total number of valid business records in the Kingdom to nearly 1.72 million, according to the Ministry of Commerce. The spike reflects a broader uptick in business activity across high-growth sectors such as artificial intelligence, big data, blockchain, financial services, gaming, and entertainment, as outlined in the ministry's Q2 Business Sector Bulletin. This growth aligns with the Kingdom's Vision 2030 agenda, which aims to diversify the economy away from oil and position Saudi Arabia as a regional hub for innovation, entrepreneurship, and private sector expansion. The National Transformation Program continues to drive investment in infrastructure, digital transformation, and regulatory reform.
