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Saudi Prince wants to prune expat workforce |
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| News - Latest | |||
| Thursday, 05 February 2009 12:44 | |||
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Gulf and Arab countries, where foreigners make up half the work force, should give preference to their own citizens over expatriates, a prominent member of the Saudi Royal family said. Foreign unskilled and skilled workers, mainly from South East Asia and South Asia, make up an average of 50 per cent of the work force in the Gulf region. The warning sounded by the influential Saudi Prince came as two of the richest Arab countries, Saudi Arabia and the UAE, began to be affected by the global meltdown. Oil prices have currently touched their lowest from a peak of $147 a barrel in July 2008. Most of the Gulf states have recently put a hold on large construction projects, which have forced many expatriate workers to leave the countries after losing their jobs.
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