Saudi Businesses Hiring at Fastest Pace in 10 Years: Riyad Bank
Optimism among Saudi businesses has reached its highest level in 18 months, with the construction sector leading in activity and new project wins during May.
This increased confidence is translating into hiring activity, marking the highest monthly job creation tally in over 10 years.
To get job news and latest updates of KSA, join us on WhatsApp.
Key Highlights from the PMI Data
Business Confidence
- The latest Purchasing Managers Index (PMI) data from Riyad Bank indicates a marked rise in sales, accompanied by increased business confidence for the coming year.
- Naif Al-Ghaith, Chief Economist at Riyad Bank, noted, “Hiring momentum remained strong as companies expanded teams to support output growth, particularly in operations and sales.”
Job Creation
- The surge in hiring reflects higher spending on expansion initiatives, with many businesses looking to bring in new staff.
- Confidence is particularly strong among Gen Z professionals in Saudi Arabia, who feel optimistic about their job prospects.
Like our Facebook page to get job vacancies and updates in KSA
New Orders and Activity
- In May, new orders for Saudi businesses saw a significant increase, rebounding from an eight-month low in April.
- Businesses attributed the rise in new orders to factors such as increased demand, strong sales performances, industrial development, and new marketing initiatives.
- New orders from abroad also grew, although at the weakest pace in seven months.
PMI Score
- The Saudi PMI score for May stood at 55.8, slightly up from 55.6 in April, but still below the recent peak of 60.5 at the start of the year.
- According to Al-Ghaith, “Firms reported improvements in demand, new project starts, and greater labor capacity as key drivers. This expansion, though slightly softer, reflects stable operating conditions and continued confidence across the private sector midway through the second quarter.”
The current hiring trends and business confidence suggest a robust economic environment in Saudi Arabia, particularly within the non-oil sector.
With sustained demand and operational readiness, businesses are well-positioned for continued growth in the latter half of the year.
Join us on Whatsapp and follow us on Facebook to get latest updates you need in KSA.
Read More:
- Saudi Businesses Hiring at Fastest Pace in 10 Years: Riyad Bank
- Saudi Arabia Launches Home Delivery Permit Service for Businesses, Effective July 1
- Hajj Will Not Fall in Summer Until 2050: Saudi Arabia Releases 25-Year Hajj Calendar
- Post Hajj Gold Price in Saudi Arabia: June 09, 2025
- Gold Price in Qatar Market: 09 June 2025
Gulf Trick
