INTERNACIONALIZACION ARABIA - SAUDIZACION
Nitaqat - Proceso de Saudización. Nitaqat is a a new Saudization program, introduced by the Saudi Ministry of Labour. Under the program, private firms are classified into Premium, Green, Yellow and Red categories based on their percentage of Saudization. The program sets penalties and incentives for companies based on which category they fall under. Companies with high Saudization rates will fall under the Premium or Green categories, while those who fail to achieve the required rates will be included in the Yellow and Red categories. Nitaqat ensures that Saudization rates are based on the actual performance of private businesses, and takes into consideration the sector as well as the size of work force for each company. How many employees does my company have to have to fall under the Nitaqat program? Companies with less than 10 employees will not fall under the Nitaqat program. Which category does my company fall under? The criteria used for classification depends o...