Saudi Arabia has no plans to change its policy of levy on expat hires

The government charges fees for hiring expatriates and obtaining visas for their dependents

Saudi Crown Prince, Mohammed bin Salman
Saudi Crown Prince Mohammed bin Salman. (Photo: Reuters)
Reuters
Last Updated : Dec 19 2018 | 4:33 PM IST
Saudi Arabia has no intention of changing its policy on expat fees, Finance Minister Mohammed al-Jadaan told a post-budget news conference on Wednesday.

The government charges fees for hiring expatriates and obtaining visas for their dependents, and they are due to rise next year as part of a policy to encourage hiring of local citizens in preference to foreigners. The private sector has lobbied for the fee rises to be delayed.

Fuel prices are reviewed regularly, but there is no intention to increase other energy prices in 2019, Jadaan added without elaborating. Under previously announced policy, domestic prices of fuels including gasoline, diesel and kerosene may ne raised in 2019.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story