Saudi ministers discuss economic development with World Bank boss in Davos

Thank you for reading the news about Saudi ministers discuss economic development with World Bank boss in Davos and now with the details

Jeddah - Yasmine El Tohamy - RIYADH: The Saudi Ministry of Human Resources and Social Development has cut hiring costs for domestic workers from several countries.

These countries include the Philippines, Sri Lanka, Bangladesh, Uganda, Kenya and Ethiopia, the ministry announced on Jan. 15.

The maximum that recruitment companies can charge has been reduced for the Philippines from SR15,900 ($4,239) to SR14,700, Sri Lanka from SR15,000 to SR13,800, Bangladesh from SR13,000 to SR11,750, Kenya from SR10,870 to SR9,000, Uganda from SR9,500 to SR8,300, and for Ethiopia from SR6,900 to SR5,900.

Mohammed Al-Rizqi, spokesperson at HRSD ministry.

The ministry has set limits for workers from other nations including Sierra Leone at SR7,500, Burundi at SR7,500‎, and Thailand at SR10,000‎, not including value added tax.

The ministry said the aim of the revised pricing is to improve the competitiveness of the country’s labor market.

HIGHLIGHTS

• The ministry has set limits for workers from other nations including Sierra Leone at SR7,500, Burundi at SR7,500, and Thailand at SR10,000, not including value added tax.

• It said the aim of the revised pricing is to improve the competitiveness of the country’s labor market.

• It has urged all operators to abide by the new regulations and stressed it would ensure compliance through the Musaned platform.

The ministry urged all operators to abide by the new regulations and stressed it would ensure compliance through the Musaned platform.

Mohammed Al-Rizqi, spokesperson at the ministry, said the Musaned platform was introduced by the government to streamline recruiting, with pricing being adjusted for the first time since 2022.

Al-Rizqi said all services on the platform are reviewed periodically, including the data of 32 countries that are listed.

 

These were the details of the news Saudi ministers discuss economic development with World Bank boss in Davos for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Saudi ambassador to Japan visits Japanese school

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]