Market Entry in Saudi Arabia

>> Work Force in Saudi Arabia

KSA has an overall population of approximately 31 million, with around 60% being Saudi Nationals. Expat workers and their families make up the remainder, with KSA traditionally having had a significant reliance on this population in many areas of the economy- especially in the industrial, service and municipal sectors.

Saudi nationals have typically dominated the public and white-collar sectors, favoured for their salaries and working conditions. Close to 65% of the total population is under 30 and these pressures are forcing the government to shift their focus to creating the right conditions for the private sector to become the main engine of employment growth for nationals. Major targets the government has committed to include reducing the unemployment rate from 11.6% to 7% and increasing the participation of women in the labour market from 22% to 30% by 2030.  Clearly a large pool of young workers exists and should provide sufficient talent for new employers.


Latest version updated 12th January 2018

Country Breakdown

32.28

Million

Population

?

Saudi Riyal

Currency

$ 646.4

Billion

GDP

2.15

Million

km2