The SR 2,400 annual fee for each non-Saudi worker at private companies imposed by the Ministry of Labor will eventually contribute to reducing the burden on the local economy, said Economy and Planning Minister Muhammad Al-Jasser.
He was addressing a gathering of businessmen at the Jeddah Chamber of Commerce and Industry (JCCI).
He also said various authorities such as the Ministry of Labor were striving to streamline labor policies relating to the private sector's recruitment of expat workers.
These efforts are aimed at preventing the unplanned presence of foreign residents in the Kingdom.
For the first time in its history, he said, Saudi Arabia had started to issue quarterly reports of national income as per international standards. The Ministry of Economy and Planning also provides regular updates on domestic economic data, he said.
In the Saudi economy, the private and government sectors played mutually beneficial roles with the state regulating the integrated relationship between the two sectors, he said.
The Kingdom's economic strategy is making a strong impact on its development.
http://www.arabnews.com/sr-2400-expat-fee-%E2%80%98will-ease-burden-local-economy%E2%80%99
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