Saudi Arabia

No Plan to Change Expat Fee Policy – Finance Minister

Saudi Arabia has no intention of changing its policy on expat fees, Finance Minister Mohammed Al-Jadaan told a post-budget news conference on Wednesday. Reuters Reported

The government charges fees for hiring expatriates and obtaining visas for their dependents, and they are due to rise next year as part of a policy to encourage the hiring of local citizens in preference to foreigners. The private sector has lobbied for the fee rises to be delayed.

Fuel prices are reviewed regularly, but there is no intention to increase other energy prices in 2019, Jadaan added.

Under previously announced policy, domestic prices of fuels including gasoline, diesel and kerosene may be raised in 2019

Meanwhile, Saudi Arabia’s economy minister said five sectors are prepared for privatisation in the first quarter of 2019.

The comments by Mohammed al-Tuwaijri came a day after the government announced a $295bn budget, the kingdom’s biggest ever.