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FINANCIAL NEWS
Saudi Arabia reduces reliance on foreign workers
29 Dec 2015
(MENAFN) Saudi Arabia proclaimed plans to cut its dependence on foreign workers by employing only highly-technical workers and checking investments closely.
“The Kingdom will now be more selective in hiring foreign workers,” said finance minister, and it also made development in training and absorbing capable Saudi Professionals and workers.
He also added that, the plan to reduce its reliance on overseas workers is logical, while vowing to facilitate operation and completion all “projects in the pipeline like Riyadh Metro.”
Major labor exporting nations include India, Pakistan, Indonesia, Philippines, Sri Lanka, and more than 125,000 US and Western emigrants also live and work in the kingdom.
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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