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FINANCIAL NEWS
Saudi Arabia plans to limit guest workers to 20%
22 Oct 2011
(MENAFN) Saudi Arabia’s Labor Ministry unveiled a plan to lower the ceiling on the kingdom’s guest workers to 20 percent, in a bid to help find jobs for nationals, Arab News reported.
The new plan will force up to three million expat workers to leave Saudi Arabia over the next few years.
Earlier this month, the kingdom’s government said it will begin to pay unemployment benefits for the first time from November.
The government will also seek to encourage the hiring of more Saudi nationals in the private sector starting next year.
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