+971 50 291 4059
+966 56 233 0183
In July 2025, Saudi Arabia’s hiring surged sharply, even as regional non‑oil business growth eased (Saudi Arabia hiring boom). Riyad Bank’s PMI fell slightly to 56.3, down from 57.2 in June, yet remained strongly above the 50 threshold that signals expansion in the non‑oil private sector.
Despite slower momentum they noted the headline PMI is now at its lowest since January 2022 companies responded to rising domestic demand, workloads, and backlogs by hiring at one of the steepest rates in recent history. June had already recorded the fastest job‑growth rate since May 2011.
Naif Al‑Ghaith, chief economist at Riyad Bank, remarked:
“Saudi Arabia’s non‑oil economy remained on a solid growth track in July, supported by higher output, new business and continued job creation.”
According to the IMF, Saudi Arabia’s economy is projected to grow around 3.6% in 2025 and 3.9% in 2026, with non‑oil GDP expected to stay above 3.5% over the medium term—underlining continued diversification under Vision 2030
Why It Matters
Sharp employment growth indicates corporate confidence in handling rising workloads even as external pressures dampen output gains.
Hiring momentum supports the Vision 2030 roadmap, with economic diversification fueling new talent demand.
For businesses, policymakers, or jobseekers, this reads as a signal: Saudi Arabia is doubling down on domestic expansion even amid broader non‑oil softness across the region.
