The Minister of Labor Dr. Ghazi bin Abdulrahman Algosaibi today said the just-approved new Labor system of Saudi Arabia copes with the new changes and developments at the local and international arenas and comes in a way that satisfies all parties of the labor market. In remarks to the Saudi Press Agency following the weekly cabinet's session on Monday in which the new labor bill was passed, Algosaibi said the Kingdom has witnessed dramatic economic and social developments since the labor and laborers system was issued in 1968. To this effect, it was noted that the economic activities have doubled, the contribution of the private sector has increased in the domestic product and the labor market features have changed, particularly with regard to the growth of the local and incoming labor forces, leading to the emergence of new challenges that need special treatment to conform with these developments, Algosaibi said. Using the Arab, international and GCC labor agreements and guidelines as guides, and after having consulted with relevant government bodies and the private sector, the Ministry of Labor has composed the new labor system and sent it to the Experts Commission of the Cabinet for study, to the Shoura Council for discussion and finally to the Cabinet for endorsement, the Minister of Labor told SPA. --More 2147 Local Time 1847 GMT
