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05 July 2016

Saudi Arabia delays implementation of third phase of Nitaqat "Saudization" program

Saudi Arabia has announced plans to change a key program designed to increase the number of Saudis employed in the private sector, particularly in the technical and industrial fields. Part of a broad policy agenda known as "Saudization", the revised system which is known as the "Balanced Nitaqat" has been announced in a report titled "Saudi Vision 2030." This report sets out a program of reforms designed to place more emphasis on job performance, wean the economy away from dependence on oil, and to privatize some state assets.

A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1159

Document ID: 2016-1159

 

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