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Over 40% of Saudi private sector firms face closure
- Saudi Arabia: Wednesday, September 19 - 2012 at 09:59
Saudi labour minister, Adel Fakeih has said 43% of private sector companies might be shut down if they fail to meet their Saudization targets, Saudi Gazette has reported. Larger firms are expected to achieve 30 to 35% Saudization, while smaller businesses are likely to achieve seven to 10%, Fakieh said. "When they (the establishments) do this, they will be categorised as green companies, enabling them to take advantage of the ministry's services," he said.
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