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.
- Dell to start shipping Ophelia thumb PC next July
- Arabtec workers stage strike in Abu Dhabi, Dubai
- Abu Dhabi's population grows by 1 person every...
- Kuwait confirms new swine flu case
- Dallas/Fort Worth International Airport to be...
- Dubai World Central announces construction of...
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.