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Nationalization

Saudi hopes to create over 1 million jobs with nationalization

RIYADH: A new nationalization program is being proposed in Saudi Arabia which is likely to create over one million jobs for the population in the next 15 years. According to a foreign news agency, the program will be brought for voting in the Shura Council this week. Member of the Shura Council Abdulrahman Al-Rashid stated that the local investors and enterprises will be empowered through the programme and utilization of the local raw material will be preferred. Al-Rashid said, "The plan aims to develop a Saudi…