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Expats in Saudi Arabia sent home $27.6bn in 2012

The World Bank has ranked Saudi Arabia as the second top remittance-sending country in the world after the USA, with over $27.6bn of outward remittance flow in 2012, Saudi Gazette has reported. In the GCC, UAE comes second with $20.3bn, followed by Kuwait at $8.5bn. The estimated top three remittance beneficiaries from Saudi Arabia in 2012 are India ($8.4bn), Egypt ($5.7bn), and Pakistan ($3bn).