News More than 1.2 million expat workers in Saudi expected...

More than 1.2 million expat workers in Saudi expected to leave labor market this year

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More than 1.2 million foreign workers in Saudi Arabia are expected to leave the labor market this year, a study revealed. 

The study was published by Jadwa Investment Company and it reveals that the most affected sectors are hospitality, food services, administrative and support activities, which include rent and lease activities, travel agencies, security and building services. 

Meanwhile, according to a Maaal online business daily report, the unemployment rate among Saudis will remain unchanged at 12 percent by the end of 2020. 

Jadwa also reported that the overall business environment in Saudi Arabia will improve in the second half of the year, especially in the fourth quarter of the year. This improvement is expected to bring better prospects among the citizens.

Ryan Namia
Ryan Namia spends most of his days reading over drafts of new written content and determining which ones make the final cut for online and print publication. He received his Bachelor's degree in Journalism in 2015 and has been writing since 2016. Got a story to tell? Email him at eic@theglobalfilipinomagazine.com. Or follow his IG @rtnamia.

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