Saudi labor ministry to sign 4 nationalization deals with state agencies: report

17/12/2018 Argaam

 

The Ministry of Labor and Social Development will sign four nationalization agreements soon, Al-Eqtisadiah reported, citing labor minister Ahmed Al Rajhi.

 

The Labor Ministry will ink a deal with the Telecom Ministry next week, and will follow it up with an agreement with the Housing Ministry the week after, Rajhi said on the sidelines of the Saudi Family Forum 2018.

 

In the coming period, the Labor Ministry will sign a nationalization deal with the General Authority for Small and Medium Enterprises (Monsha’at), followed by similar deals with other industrial and agricultural agencies, he added.

 

According to data compiled by Argaam, the Labor Ministry, the Health Ministry, the Human Resources Development Fund (Hadaf) and the Council of Saudi Chambers’ National Health Committee have signed an agreement to employ 40,000 Saudis in over ten health specialties by 2020.

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