As we delve into a new year, job seekers globally are keen to explore opportunities that not only fulfill their passion but also provide substantial financial benefits. One such destination is Saudi Arabia, known for its robust economy and lucrative job market. With this article, we aim to guide you through the top 10 highest-paying companies in Saudi Arabia for 2023, which can significantly impact your career trajectory.
Saudi Arabia’s job market has always been attractive to professionals worldwide due to its tax-free salaries and numerous other benefits. The country boasts a diverse economy encompassing sectors like petroleum, healthcare, finance, construction, and education. With the ongoing Vision 2030 initiative, Saudi Arabia is undergoing significant transformations, leading to an influx of opportunities across various industries.
Understanding which companies offer the highest wages in your field of expertise can significantly influence your job search. It allows you to target your applications more effectively and negotiate better compensation packages. Furthermore, these companies are often leaders in their respective industries, offering excellent growth opportunities and professional development.
BAE Systems
BAE Systems is a global defense, aerospace, and security company employing a workforce of 85,800 worldwide. The company offers an array of opportunities for engineers, IT professionals, and project managers.
Jobs and Salaries
In Saudi Arabia, BAE Systems is known for its attractive remuneration packages. For instance, aeronautical engineers can expect an average salary of SAR 23,000 per month, while project managers can earn around SAR 25,000 per month.
AECOM
AECOM is a premier infrastructure consulting firm, operating in over 150 countries. In Saudi Arabia, it’s involved in major projects, contributing significantly to the nation’s modern infrastructure.
Jobs and Salaries
AECOM offers roles in various disciplines, including engineering, architecture, and environmental consulting, with competitive salary packages. For example, civil engineers can earn an average of SAR 22,000 per month, while senior consultants can make up to SAR 27,000 per month.
Alfanar
Alfanar is a leading name in the electrical manufacturing sector in Saudi Arabia. It also provides construction and engineering services, making it a prominent player in the Saudi job market.
Jobs and Salaries
With opportunities ranging from electrical engineering to project management, Alfanar offers competitive salaries in the industry. An electrical engineer can expect an average salary of SAR 18,000 per month, while project managers can earn approximately SAR 24,500 per month.
Mobily
Mobily, officially known as Etihad Etisalat Company, is a leading telecommunications operator in Saudi Arabia. It offers a spectrum of jobs in the IT, digital marketing, and telecommunications domains.
Jobs and Salaries
At Mobily, IT specialists can earn an average salary of SAR 21,000 per month, while network engineers can expect around SAR 19,500 per month. Additionally, managerial roles in the company can fetch upwards of SAR 25,000 per month.
Riyad Bank
Riyad Bank is one of the largest financial institutions in Saudi Arabia, offering a range of banking services. It provides opportunities in areas like finance, customer service, and information technology.
Jobs and Salaries
Banking professionals at Riyad Bank can expect handsome remuneration. For instance, finance managers can earn from SAR 22,000 to SAR 42,500 per month. Similarly, IT managers can expect an average salary of SAR 27,000 per month.
Alinma
Alinma Bank is a joint stock company offering comprehensive retail, corporate, and investment banking services. This financial institution provides a host of opportunities for professionals seeking to grow their careers in the banking sector.
Jobs and Salaries
At Alinma Bank, investment bankers can earn an average salary of SAR 26,000 per month, while operations managers can expect to bring home around SAR 23,500 per month.
Almarai
Almarai is the Middle East’s largest food and beverage manufacturer and distributor. It presents a plethora of opportunities for professionals in fields like quality assurance, supply chain management, and sales and marketing.
Jobs and Salaries
Quality assurance managers at Almarai can expect an average salary of SAR 25,000 per month, while supply chain managers can earn around SAR 27,500 per month.
Aramco
Saudi Aramco is a world leader in the oil industry. It offers a wide array of jobs in engineering, geology, and business administration, among others.
Jobs and Salaries
Petroleum engineers at Aramco can expect an average salary of 19,872 SAR per month. Geologists have an average salary of 17,867 SAR per month, and fuel handlers can earn approximately 16,475 per month.
SABIC
Saudi Basic Industries Corporation (SABIC) is a global leader in diversified chemicals. It provides opportunities in chemical engineering, research and development, and supply chain management.
Jobs and Salaries
Chemical engineers at SABIC can earn an average salary of SAR 23,000 per month, while research scientists can expect around SAR 22,000 per month.
STC
Saudi Telecom Company(STC) is a leading telecommunications provider in Saudi Arabia. It offers job opportunities in various fields like telecommunications engineering, IT, and digital marketing.
Jobs and Salaries
Telecommunications engineers at STC can expect an average salary of SAR 20,000 per month, while IT project managers can earn around SAR 22,500 per month.
Conclusion
From engineering to finance, from IT to healthcare, these top 10 companies represent a wide variety of industries in Saudi Arabia. They offer both lucrative salaries and exciting career progression opportunities, making them highly sought after by professionals worldwide.
As you embark on your job search journey in Saudi Arabia, remember that a higher salary is just one aspect to consider. Focus on finding a role and company where you can leverage your skills, grow professionally, and align with the company’s values and culture. And most importantly, always keep learning and upskilling to stay competitive in today’s fast-paced job market.