The Saudi Ministry of Labor and Social Development stated that 364,000 establishments in the private sector will benefit from the combined bill initiative related to Emiratisation rates.
The Collected Bill initiative to pay the difference in financial compensation for the year 2018 stipulates that establishments committed to Emiratization whose average range is for a period of 52 weeks in Platinum, High Green, Medium Green or Low Green, the amounts of the collected bill fees will be returned to them if they are paid earlier, and in the event It has not been reimbursed from the full invoice value for 2018.
The initiative includes a deadline to motivate establishments in the red and yellow bands to move to the higher ranges and raise the average localization rates within a year to benefit from the initiative’s support. The Ministry indicated that 316 thousand of these establishments in the platinum, high green, medium green and low green bands will benefit from the immediate support of the initiative , And 48 thousand establishments in the yellow and red ranges, will benefit from the conditional support for the initiative, in case the localization ratios are achieved, and raise the average range for the previous 52 weeks to green and above, during the grace period that extends to a year from the date of launch of the initiative.
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The combined bill includes 364 thousand establishments in Saudi Arabia
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