RIYADH: Saudi Arabia’s Ministry of Human Resources and Social Development on Tuesday issued a decision to localize 35 percent of consultancy professions and businesses effective as of April 6, 2023.
In the second phase, the ministry seeks to increase the ratio to 40 percent as of March 24, 2023.
The decision targets all professions in the sector, most notably: Financial advisory specialist, business adviser, cybersecurity advisory specialist, project management manager, a project management engineer, and a project management specialist.
The decision is expected to boost job opportunities for the citizens.
Meanwhile, Finance Minister Muhammad Al-Jadaan issued a ministerial decision amending the terms of consulting services and obligating consulting companies to ensure the percentage of localization.