Saudi Arabia’s NEOM and mega projects driving recruitment, pay hikes

Saudi Arabia’s US$500 billion mega business and tourism project NEOM and the Kingdom’s 2030 diversification plans are driving a surge in new employment opportunities in the country, while salaries are expected to rise by an average of 3 percent in 2023, according to recruitment experts.

A survey by recruitment company Cooper Fitch found that Saudi Arabia saw a significant uptick in recruitment demand in 2022, with high levels of activity across all sectors, particularly real estate, and hospitality.

A slew of mega and giga-projects that will gather pace in 2023 – including NEOM’s THE LINE, where residents will live in a 170 km-long, 500-meters-tall city run by artificial intelligence and designed to house 9 million people – will see a similar recruitment trend within the country’s project management and development segments this year, the report said.

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