Saudi Arabia to fine firms with foreign worker majorities - Israel News, Ynetnews
 
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Saudi Arabia to fine firms with foreign worker majorities

Published: 11.13.12, 16:11 / Israel News

Saudi Arabia is stepping up efforts to lower unemployment among its citizens by fining private sector firms that employ more foreigners than Saudis, the labour ministry said in a statement carried by state news agency SPA on Tuesday.

 

The policy, which will be implemented at the start of the new Islamic year on Nov. 15, will require private companies with majorities of foreign workers to pay a fee of 2,400 riyals ($640) a year for each excess foreigner. (Reuters)

 

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