The Human Resources Development Fund (HADAF) announced the activation of a special initiative aimed at supporting Saudi private sector employees.
The initiative will benefit more than 80,000 Saudi men and women working in the private sector. Specifically, those who started work in July 2019 with no support from HADAF so far.
In a statement, HADAF called on private sector institutions to register online to take advantage of the initiative.
It also added that the initiative fell within the programs launched by the Fund as part of government support initiatives. This is to ensure the stability of private sector enterprises, in light of the current economic situation impacted by the coronavirus outbreak.
According to the statement, HADAF dedicated SAR1bn ($266mn) to support Saudis; who were employed in the private sector after July 1, 2019 with a salary ranging between SAR4,000 and SAR15,000.
The employees should not have previously benefited from the Fund’s employment support programs.
In parallel, HADAF announced on Monday that the value of projects proposed for competition by establishments in the “Forsa” platform has exceeded SAR526mn since the launch of the platform in August 2016.
The platform is an electronic service that provides business establishments. It can compete for direct purchasing orders offered by government companies and major entities in the private sector.