Localization of real estate, cinema professions in Saudi Arabia takes effect today

01/10/2021 Argaam

Riyadh city

The Ministry of Human Resources and Social Development’s (HRSD) decisions on the localization of real estate and cinema professions will come into effect today, Oct. 1.

 

The ministry’s procedural guide stipulates that up to 70% of real estate activities and professions will be localized, in addition to localization of 100% of the targeted professions, which focus on real estate brokerage, real estate marketing, owner’s association, sustainable construction and real estate arbitration.

 

The ministry added that the decision includes providing more than 11,000 jobs.

 

In the cinema sector, localization will be at 100% in the sector and all its related activities in the targeted professions.

 

The target professions include supervisory professions, retail sales, ticket sales, and food and beverage sales.

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