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She Said: Evidence of Successful Economic Policies, Resettlement and Job Creation Needed
Bloomberg says: Hundreds of thousands of foreign workers leave the country The success of Saudi Arabia's policy of redefining the country's economy and the saudization of Saudis in the labor market rather than the cheap foreign labor.
The agency added that Despite the slow pace of business and corporate performance, Saudi authorities continue to charge more to foreigners, with the largest Arab economy losing some of its appeal to expatriates who flock to this oil-rich country. The number of foreign workers increased by 6% to 10.2 million in the first three months of 2018 compared to last year, taking a cumulative decline over the past five quarters to about 700,000, according to reports. official data published this month
. Unemployment rates; T the existence of temporary difficulties in the creation of employment opportunities that the economy is slowly recovering
and continued in his report saying :. Constitute the creation of employment opportunities for Saudi priority for Crown Prince Mohammed bin Salman, the driving force behind the country's plan to reduce its dependence on oil. According to the National Transition Program, the government is targeting an unemployment rate of only 9% by 2020, according to data from the program's website.
The economist at Cairo Investment Bank EFG Hermes Mohamed Abu Pasha said in a report. "We expect the job loss rate of expatriates to remain high throughout the year," he said, citing expectations for higher fees and efforts to resettle foreigners. jobs. To 400 riyals per month in July 2020.
Bloomberg: Thousands of foreigners leave The number of foreign workers in the kingdom leaves the country in a remarkable success for new economic policies. The agency alluded to the success of Saudi Arabia's policy of redefining the country's economy and placing the Saudis on the labor market rather than on the labor force. cheap foreign work.
Despite the sluggish performance of businesses and enterprises; Saudi Arabia has imposed more foreign fees, the largest Arab economy has lost some of its appeal for expatriates flocking to the oil-rich country. The country is currently targeting emiratization policy.
The number of foreign workers decreased by 6% to 10.2 million from 2018 compared to last year, taking a cumulative decline over the last five quarters to about 700,000, according to official data released this month
But the data also show high unemployment rates, which shows temporary difficulties in creating jobs With the economy slowly recovering.
He continued In his report saying: constitute the creation of employment opportunities for the Saudis priority for Crown Prince Mohammed bin Salman, the driving force behind the country's plan to reduce his dependence on oil. According to the National Transition Program, the government is targeting an unemployment rate of only 9% by 2020, according to data from the program's website.
The economist at Cairo Investment Bank EFG Hermes Mohamed Abu Pasha said in a report. "We expect the job loss rate of expatriates to remain high throughout the year," he said, citing expectations for higher fees and efforts to resettle foreigners. jobs. At R $ 400 per month in July 2020.
July 10, 2018 – 26 Shawwal 1439
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United States: Hundreds of thousands of foreign workers leave the country, a remarkable success of the new economic policies and resettlement, after being considered a sign of the success of economic policies, Saudi Arabia is a country that exports dollars through oil revenues
The agency hinted that Saudi Arabia Saudi Arabia had succeeded in reorganizing the country's economy and resettling the Saudis into the labor market rather than working cheaply. And business; The number of foreign workers dropped from 6% to 10.2 million in the first three months of the year, and the number of foreign workers decreased from 6% to 10.2 million in the first three months of the year. 2018 compared to last year, taking a cumulative drop over the past five quarters to about 700,000, according to official data released this month.
But the data also show high unemployment rates, which shows temporary difficulties in creating jobs with the economy slowly recovering.
Rerha said: constitutes the creation of employment opportunities for the Saudis priority for Crown Prince Mohammed bin Salman, the driving force behind the country's plan to reduce its dependence on oil. According to the National Transition Program, the government is targeting an unemployment rate of only 9% by 2020, according to data from the program's website.
The economist at Cairo Investment Bank EFG Hermes Mohamed Abu Pasha said in a report. "We expect the job loss rate of expatriates to remain high throughout the year," he said, citing expectations for higher fees and efforts to resettle foreigners. jobs. R $ 400 per month in July 2020.
