Thousands of Saudis take up jobs in Gulf countries

July 4, 2013

Gulf_countriesJeddah, Jul 4: Saudis are now working in other Gulf Cooperation Council (GCC) countries particularly Kuwait. In contrast, very few GCC citizens work in the Kingdom.

In 2012, a total of 4,854 Saudis worked in GCC countries, 2,825 if them in Kuwait, according to a report from the General Organization for Social Insurance (GOSI).

The report said that 3,191 Saudis worked in the public sector in GCC countries, with 1,663 in the private sector. Kuwait had 1,169 Saudis working in their private sector. According to the report, there were 210 Saudis working in the United Arab Emirates (UAE), 12 in Qatar, 23 in Bahrain and 10 in Oman.

In contrast, only 1,413 GCC citizens worked in Saudi Arabia including 721 Kuwaitis, 501 Bahrainis, 150 Omanis and 18 Qataris. There were no UAE citizens working in the Kingdom. In addition, all GCC workers in the Kingdom worked in the private sector.

Saudi Arabia is considered a rapidly growing economy, with its multibillion-riyal projects and vast businesses.

According to the Global Wage Report 2012/13 issued by the International Labor Organization, there is a large difference in wages between GCC citizens and non-nationals because of the “Arabization” process taking place in the region, which seeks to increase the proportion of local employees.

Noura Al-Turki, an organization development manager at NESMA Holding, said Saudis should be proud of those seeking work in other countries.

“It is positive to see Saudis compete in the overseas job market rather than in the Kingdom. In the current globalization age, all companies are searching for talented people regardless of their nationality. Even though we have the strongest economy in the GCC, Saudis should work everywhere without being restricted by borders,” she said.

“The new generation of Saudis is very optimistic and always looking to have new experiences in the job market, which is why they work abroad.”

Al-Turki said the Kingdom needs more training centers offering special programs for employees.

She said some Saudis do not consider the Kingdom an attractive place to work. They complain of low wages, unsettled working hours, and discrimination by expatriate bosses.

Mohammed Al-Tawi, general manager of human resources at Taajeer Company, said companies must stop employing expatriates for top jobs in the Kingdom, at the expense of Saudis. He believes this has frustrated Saudis, leading them to seek jobs outside the country.

He believes that the "Saudi work environment is unhealthy for talented job seekers. If we have a look at the government sector, we will see there is no competition, with all employees getting equal promotions and equal salary raises. Such unfair evaluations have forced many Saudis to work in other GCC countries, in the private and government sectors.”

Despite the fact that Saudi Arabia offers the most job opportunities for expatriates, many prefer to work in other GCC countries because of the differences in lifestyle.

According to the survey, Saudi Arabia is the third-favored work destination after the UAE and Qatar. Expatriates prefer Dubai, Abu Dhabi and Doha as the best cities for living. Jeddah, Riyadh and Dammam are low on the list of preferred places to work.

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Agencies
July 31,2020

Dubai, Jul 31: The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz of Saudi Arabia tweeted early on Friday sending congratulations to everyone on Eid Al Adha.

"I congratulate everyone on the blessed Eid Al Adha. May Allah [grant us another Eid where we will be in] good, blessings, health, and wellness," King Salman said.

"We also ask [God] to accept the pilgrimage of those who completed Haj, and [to accept] Muslims' prayers, and to remove the coronavirus pandemic in our countries," he added.

King Salman left King Faisal hospital in Riyadh after recovering on Thursday, the Saudi Press Agency (SPA) reported on Thursday.

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Agencies
March 15,2020

Riyadh, Mar 15: Saudi Aramco on Sunday reported a 20.6 percent drop in its net profit for 2019 due to low oil prices and production levels, the company said in a statement.

These are the first annual results to be announced by the energy giant after its historical $29.4 billion initial public offering and listing on the Saudi Tadawul market last December.

Aramco posted net profits of $88.2 billion last year compared to $111.1 billion in 2018, Monday's statement said.

"The decrease was primarily due to lower crude oil prices and production volumes, coupled with declining refining and chemical margins," it said.

The company also made $1.6 billion of impairment provisions for losses associated with Sadara Chemical Company, an Aramco subsidiary.

"2019 was an exceptional year for Saudi Aramco. Through a variety of circumstances -- some planned and some not -- the world was offered unprecedented insight into Saudi Aramco's agility and resilience," CEO Amin Nasser said.

"Our unique scale, low costs, and resilience came together to deliver both growth and world-leading returns, while also maintaining our position as one of the world's most reliable energy companies," Nasser said.

The earnings for last year are not affected by the coronavirus outbreak or the ongoing price war between Saudi Arabia and Russia that has sent oil prices crashing.

Aramco said it will distribute dividends worth $73.2 billion for 2019 but based on its commitments under the IPO, its dividends for the next five years starting this year will be at least $75 billion.

It said its capital spending last year dropped to $32.8 billion from $35.1 billion in 2018.

The company expects capital spending, which is expenditure on projects, to be between $25 billion and $30 billion this year "in light of current market conditions and recent commodity price volatility."

But it said that capital expenditure for 2021 and beyond is currently under review.

The results were announced amid a price war between Saudi Arabia and Russia after they failed to agree on additional output cuts to support prices dented by the outbreak of the coronavirus pandemic.

"The recent COVID-19 outbreak and its rapid spread illustrate the importance of agility and adaptability in an ever-changing global landscape," Nasser said.

The kingdom said last week Aramco will pump 12.3 million barrels of oil per day, boosting output by at least 2.5 million bpd.

It also announced plans to raise production capacity from 12 million bpd to 13 million bpd.

Forecasts for future crude prices and demand are also bleak.

In its latest monthly report, the Organization of Petroleum Exporting Countries lowered its forecast for global average daily demand by 0.92 million barrels to 99.73 million barrels.

Saudi Arabia is also in the midst of a royal purge that saw King Salman's brother and nephew detained after sources said they were accused of plotting a palace coup to unseat the crown prince, heir to the Saudi throne.

Aramco shares rallied immediately after the listing on December 11, rising by 19 percent to 38 riyals ($10.1) and temporarily lifting the company's valuation above the $2 trillion mark, which was sought by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler.

But as oil prices tumble, Aramco shares have lost 29 percent from its highest point, slipping below the listing price.

On Thursday, Aramco's market value dropped to around $1.55 trillion, but it still remains the world's largest publicly listed company.

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News Network
April 18,2020

Dubai, Apr 18: Saudi Arabia has reported 1,132 new coronavirus cases, taking the total number of confirmed COVID-19 patients to 8,274, the Ministry of Health revealed on Saturday.

The ministry has also announced five more deaths from the virus, taking to 92 the Kingdom’s death toll.

Recoveries
As for recoveries, 280 new recoveries were reported, pushing the total number of patients recovered to 1,329.

The ministry revealed that 79 per cent of today’s cases are expatriates and that 65 per cent of the cases were detected through intensified and active COVID-19 screening in densely-populated areas.

A total of 201 patients of Saturday’s cases have contracted the disease due to being in contact with existing cases, the ministry added.

The new infected cases have been placed under complete isolation and they are receiving necessary medical care, an official from the ministry said.

He affirmed that medical teams are intensifying efforts and screening tests in workers' neighbourhoods and accommodations in order to limit the spread of the disease.

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