The Ministry of Commerce of Saudi Arabia: a comprehensive study to amend the fees of the financial compensation for expatriate workers in the current period.
The Saudi Minister of Trade and Investment referred to what he called the alternative way, as he presented a study to assess the conditions of expatriate labor in the Kingdom, where more than 60% of irregular employment is made, as the Chamber of Commerce in Riyadh published the statements of the Minister of Trade and Investment during the meeting held by businessmen in the Council Merchants, in which he announced the importance of finding solutions to avoid this crisis, saying, "There are permanent reviews, including the issue of financial compensation, and there is a full study that includes reviewing all the fees due."
The Kingdom has started to implement the financial compensation for expatriate labor starting from the beginning of the year 2018 within the framework of the financial balance program announced in 2016 and therefore by three hundred to four hundred riyals each month, according to the numbers of expatriate labor in the national counterpart, and increased during the year 2019 to become five hundred To six hundred riyals each month, according to the numbers of expatriate workers in the national counterpart, while it will be between seven hundred to eight hundred riyals throughout the year 2020.
In September, the private parties agreed to exempt the hands of the real estate worker who obtained an industrial license from the financial compensation for expatriate workers for a period of 5 years, until she bore the authority of the Kingdom of Saudi Arabia, the price of that compensation.
The Ministry of Finance has previously speculated that revenues from the financial compensation for expatriates, whether manpower or accompanying persons, will be achieved towards 56.4 billion riyals in the current year (2019), compared to 28 billion riyals expected for the year 2018. Rather, a public notice last budget. Its revenue for 2020.