Saudi Arabia has announced they will contribute $3 billion towards companies in the Kingdom who have struggled to pay expat fees in 2017 and 2018, said the labour minister, Ahmed bin Suleiman al-Rajhi.
The private sector stimulus plan will waive the increase in fees for companies that haven’t been able to pay.
“This initiative will support private sector companies, help them overcome the obstacles and achieve their goals and encourage them to expand employment of Saudi citizens”, said al-Rajhi.
The reimbursements only apply to companies that have higher or equal number of Saudi employees than expats. However, according to the decree, companies with less Saudis in comparison to expats can avail the scheme if they recruit more Saudis.