The kingdom ranks third globally in attracting foreign labour..saudi

 Saudi Arabia's human resources sector is worth just 0.4 percent of the international market, yet the kingdom ranks third globally in attracting foreign labor.

According to Arab News, figures released by the Federation of Saudi Chambers show that the human resources market is just over 6 billion riyals, while the international human resources market is estimated at 1.5 trillion riyals.

The Federation of Saudi Chambers has reiterated its call for financial institutions to support the labor leasing sector by assessing the market size and available opportunities due to the relatively small size of the human resources sector.

The demand came as the National Committee for Human Resources companies revealed their initiative to finance and install labor leasing services for both the business sector and individuals in the Saudi market.

The initiative aims to push banks and various financial institutions to provide leasing financing products and installment services in the Saudi market.

According to the Saudi news agency SPA, human resources companies have reviewed studies that prove that clients need financing for labor leasing and installment services.

Human resources companies pointed out that these companies have a good share in the labor market and provide various innovative services and products.

Human resources companies said they are present in all regions of the kingdom and have invested millions of riyals in modern technologies and systems to manage various functions.