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Saudi King Approves $3.1 Billion Plan to Ease Expat Fee Costs

February 11, 2019
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Saudi King Approves $3.1 Billion Plan to Ease Expat Fee CostsAuthorities will exempt some companies from paying the 2018 fees or reimburse those that have already paid, according to the official-Saudi Press Agency. To qualify for the aid, businesses need to have made strides in hiring more Saudi nationals. The fees were introduced in 2018 as part of a drive to increase non-oil government revenue -- a key goal of Crown Prince Mohammed bin Salman’s economic transformation plan -- but have drawn fire from business owners in a country accustomed to cheap foreign labor.




from Yahoo News - Latest News & Headlines https://yhoo.it/2Bx7nbI
via Yahoo News

11Feb2019

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