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FINANCIAL NEWS
Expats in Saudi remit USD59b in 2013
29 Dec 2013
(MENAFN) New statistics in Saudi Arabia show that USD162 million was remitted by citizens every day, coming at a total of USD59 billion this year, Arabian Business reported.
The total remitted figure was higher than that registered last year despite the amnesty on illegal workers, through which over 1 million expatriates left the country.
Remittances from expatriates this year increased 17 percent versus last year. Expatriates make up two-thirds of the kingdom’s population of 28m.
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