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Expats should spend their money in the Kingdom

Expats should spend their money in the Kingdom

Toward the finish of the second from last quarter of this current year 8,847,478 workers, Saudis and non-Saudis, were enlisted with social insurance. Of the aggregate number, non-Saudis spoke to 7,128,654 people (80.5 %) and Saudis 1,718,824 (19.5 %). Aside from this there were almost two million male and female domestic workers.

 

Likewise we need to include the quantity of people who were arrested in late police crusades against illegal residents. It is assessed that around two million violators were confined. 

We consider expats working in this nation to be our accomplices being developed and we require them to help manufacture our nation. 

Our principle center is around unlawful occupants and the individuals who are abusing and harming the economy by leading mystery monetary exercises. The charges that were forced on the dependents of expatriates have reduced the number of expat relatives dwelling in the Saudi Arabia. Numerous expat laborers have sent their families home and have stayed here to take a shot at single status. 

The mass migration of expat families has affected investment properties in the Kingdom with the expense of leasing condos dropping significantly. There has likewise been a negative effect on the business directed by companies dealing in food products.

The decrease in the quantity of expat relatives dwelling in the Kingdom has implied that expat laborers presently spare a portion of their pay as opposed to spending it here on school fees, housing, cars and other needs.

We have to empower expats living in this nation to spend their cash in our economy, rather than sending their families home and exchanging their cash abroad. We have to urge them to burn through cash in the Kingdom rather exchanging the greater part of their salary abroad. 

This situation requires study and examination, particularly as it influences center and higher salary expat workers.

 /  Source: the WAU

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