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Saudisation: What It Means For South Asia
Saudisation: What It Means For South Asia
Written By
Wion Web Desk
Published:
Sep 03, 2016, 24:08 IST
| Updated:
Sep 03, 2016, 24:08 IST
Here?s how the Saudi government?s move to get more locals hired will affect South Asian expatriates.
1 / 5
Saudisation isn?t a new phenomenon, it?s been around in some form or the other from the mid-1990s.
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With 1.5 million Bangladeshis estimated to be in Saudi Arabia, that means that one in every 113 Bangladeshis live in the Arab kingdom.
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Expatriates from Afghanistan sent back $52 million from Saudi Arabia in 2015, which means that an Afghan expatriate, on average, sent $104 last year.
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Hiring in the Saudi public sector won?t be affected much as it has, more or less, always been Saudi-ised with locals forming 95% of the workforce.
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Any Saudi company or shop failing to fully employ locals could face fines or even be shut down.