of Labor and Social Affairs Ali Al-Namlah said around seven million
foreign workers in the Kingdom are sending home SR70 billion ($18.6
billion) a year. He was confirming figures released by a ministry
official last week.
seven million foreign workers in the Kingdom. Their total remittances
every year reach SR70 billion. This sum will drop once more nationals
enter the market,” the minister told Okaz newspaper.
has launched a campaign to reduce the number of expatriates in the
country by hiking fees on their recruitment and resident permits and
offering incentives for nationals to work in the private sector.
Part of the fees
will go into a special Manpower Development Fund that has been set up
to help nationalize jobs in the Kingdom, whose population of Saudi
nationals stands at around 16 million.
the heavy drain of capital out of the country, Ahmad Al-Mansour,
undersecretary at the ministry, urged government and private sectors
to prevent this by increasing the level of Saudization.
Source: Arab News©