Saudi Arabia has issued new decisions concerning citizens, expatriates and foreigners in residences, salaries, taxes and visas and announced the creation of 45 thousand jobs directly and indirectly by the Saudi Ports Authority.
Saudi Ports Authority announced the launch of the Logistics Initiative to create 45,000 direct and indirect jobs. Real ($ 1.8 billion).
The role of Saudi ports in supporting the economic development in the Kingdom and increasing non-oil revenues through the development of regional and international trade movement. There is no doubt that the ports of Saudi Arabia have a busy track of achievements since the inauguration of the first port in the Kingdom in 1939.
With the dawn of vision and the General Authority of Ports announced its strategy to keep pace with its objectives, which is based on infrastructure development and raise efficiency and operational capacity and regulatory reform, the role of Saudi ports has become central in the process of economic transformation of the Kingdom, and play a wider role than its traditional role as export and import facilities, to become logistics platforms Integrated.
Minaab confirmed to Al-Mukhtasar newspaper that it is working on the successful implementation of the National Logistics Platforms Plan to have a significant economic impact represented by contributing 10.7 billion riyals ($ 2.8 billion) to the GDP of the Building and Construction Department. In these platforms in GDP, about 7.2 billion riyals ($ 1.9 billion) annually.
She pointed out that it is working on the application of performance indicators in container handling stations in Saudi ports as part of its plans to develop and improve existing and future contracts in Saudi ports, in accordance with the best international standards in this area. Minaab is also working to launch a truck booking system through the Faseh platform, pointing out that work is underway in various ports in the Kingdom, as it will contribute to reducing the duration of procedures at the port from 3 hours to a few minutes, in addition to increasing the storage period. Shipping to 30 days from the date of unloading the container or entering the customs office.
Saudi Crown Prince: We succeeded in increasing employment and reducing the state wage bill
This huge new project will provide great jobs with great salaries for all expatriate workers in Saudi Arabia and all its citizens.
Prince Mohammed bin Salman bin Abdul Aziz, Saudi Crown Prince and Deputy Prime Minister and Minister of Defense, revealed that the Kingdom has succeeded in increasing employment locally and reducing the wage bill for state employees.
In a speech at the Future of Investment Forum, Prince Mohammed bin Salman said Saudi Arabia was facing the challenge of cutting its state salary bill.
He predicted that the Saudi crown prince, next year will see the increase in salaries in the Kingdom by 40%, and that the rate of employment will double and reduce unemployment.
He said the Saudi Crown Prince: "The figures say that oil revenues tripled and this year's budget is the largest budget in the history of Saudi Arabia."
Prince Mohammed bin Salman predicted that the Saudi economy will grow this year by 2.2% to 2.5%, stressing that the assets of the Public Investment Fund will reach $ 400 billion by the end of 2019.
Salary details of nationals and expatriates in Saudi Arabia at the end of the first quarter
The average monthly wage for Saudi nationals (15 years and over) increased during the first quarter of 2019 by 2.08 percent compared to the same period last year.
According to a survey conducted by Mubasher, based on recent data from the Saudi Statistical Authority, the average monthly wage for Saudis was 10.299 thousand riyals at the end of the first quarter of this year, compared with an average monthly salary of 10.089 thousand riyals in the corresponding quarter of 2018.
The average monthly wage of Saudi male workers grew by 2.07 percent to reach 10.503 thousand riyals, compared to 10.289 thousand riyals in the first quarter of last year.
As for the average monthly wage for Saudi women, it rose 2.3 percent to 9.442 thousand riyals, compared to 9.23 thousand riyals in the first quarter of 2018.
On a quarterly basis, the average monthly wage for Saudi employees increased marginally by 0.07 percent compared to the previous quarter (Q4 2018) during which it reached SAR 10,292 thousand, according to Mubasher calculations.
The average wage for Saudi male workers in the fourth quarter of 2018 was 10.493 thousand riyals, compared to 9.425 thousand riyals for females.
Saudi Arabia launches residency system allowing foreign expatriates freedom of movement and the ability to own property
The new system provides two types of permanent residence for 800,000 Saudi riyals ($ 213,321) and a one-year renewable one for 100,000 riyals ($ 26,665).
The Saudi cabinet approved the plan last month and on Sunday opened a website through which applications can be made.
This will allow foreign expatriates freedom of movement and the ability to own property and enter into transactions in the Kingdom.