Rapid Salary Growth in Saudi Private Sector: A Result of Economic Reforms and Government Support

2023-09-24 11:11:58

Saudi: The average monthly salary for a Saudi citizen working in the private sector has been increased to 9,600 riyals. There is a significant increase from 6,600 Riyals recorded in 2018. According to the National Labor Observatory, the salaries of Saudi nationals working in the private sector have increased by 45 percent in five years.

It found that economic reforms, stimulus packages and support for the private sector have all become drivers of wage growth.

About 202,700 individuals in Saudi are now earning more than 20,000 per month. The support provided by government agencies is also an important factor in making the private sector stronger.

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