Sunday, February 10, 2013

Minimum wage for Omanis set at $ 844


Oman’s Shoura Council approved a much higher minimum wage and curbs on the employment of foreigners yesterday.

The cabinet proposed the moves recently in an attempt to spur private sector employment levels among Omanis.

The government is keen to move more citizens into private sector jobs in preparation for an eventual fall in oil revenue, seen as possible later this decade. Public sector jobs in Oman pay much higher wages than most jobs with private companies.

The private sector minimum wage for Omani citizens will be raised by more than 60 percent to 325 rials ($ 844) a month effective from July 1, state television said.

The council also approved restricting the number of foreign workers in Oman to 33 percent of the country’s total population “to create an employment balance,” but without introducing a timeframe.

Read more: http://www.gulfbase.com/news/minimum-wage-for-omanis-set-at-844/228801

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