Saudi Arabia will not cancel expat fees

  • Saudi Arabia: Wednesday, January 09 - 2013 at 03:28

Saudi labour minister Adel Fakeih has ruled out plans to withdraw the SR2,400 levy imposed on private companies that employ foreigners in excess of Saudis, Arab News has reported. The main objective of the SR2,400 fee was to bridge the gap between the cost of employing expatriates and Saudis, raising the cost of foreign labour. "This is not a ministry decision, it's a cabinet decision," he added. The amount collected from private firms would not be added to the state treasury, but would rather be redistributed among the firms that implement Saudization, he said.

Article Options

Disclaimer »

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.

In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.