Posted on 07/09/2018 9:14:50 AM PDT by 2ndDivisionVet
The Saudisation policy of Crown Prince Prince Mohammed bin Salman (MbS) has coincided with an "expat exodus" and a drop in foreign investment.
•Saudi businesses are complaining that locals don't want to do "low-status" jobs that many expats worked — creating a real problem for the economy.
•In November, a paper by the Institute of International Finance projected capital outflows in 2017 at $101 billion, 15% of GDP.
•Fortunately, a recent rebound in oil prices has temporarily rescued the ailing Saudi Arabian economy, but it will not be a long-term solution....
(Excerpt) Read more at businessinsider.com ...
Didn’t know there were 800,000 former members of the New England Patriots out in the K.S.A.
Somebody secretly over-inflated the number?
Same thing I see in the American media about how bad it would be to kick the illegals out of our country. Business Insider is using the Saudi example to subliminally reinforce the message to Americans.
Except that most of the expats are either in-home servants or grunt construction labor, based on my one visit to Riyadh, years ago. There USED to be Aramco and other oil-worker compounds, but didn’t see any of them. . .
Well...Europe can send them their “migrants” and Syria can send them their Sunnis. Problem(s) solved!
We could throw in a couple million Mexicans to boot.
How about hiring all the Africans and Middle Eastern refugees flooding Europe.
LOL. When I worked in Saudi a couple of years ago every Saudi wanted to be the boss. And if you actually needed anything done you found their Ex Pat assistant to do it.
Muslims sure do love slavery.
In the Persian Gulf countries - and I assume it’s the same in Saudi Arabia - the high tech and technical stuff (doctors, banking, engineers, those running the infrastructure etc) were all Westerners. The shopkeepers, factory workers and construction crews and those who did the tough dirty work were from the Indian subcontinent. The Arabs didn’t do much of anything except soak up government handouts.
Oil is not going to last forever and as their population grows, the benefits get less lavish anyway. If they’re not to experience a brutal crash in their living standard in the next generation or two, their own people are going to have to get off their asses and start working. They’re going to have to admit to themselves that memorizing passages in a 1300 year old book is not “education” and does nothing to prepare one for the modern world.
Still lots of expats in ARAMCO and hospitals etc. Saudi collapses without them.
I worked with a well educated Saudi in a previous life (the only local in a company unit of 250) who told us that a basic problem with the Saudi workforce is that only 20% of working age adults were actually working and maybe half of those were actually qualified to do their jobs.
While it is probable that those numbers have improved somewhat since those days (mid 1990s), just imagine what a social upset a similar situation would cause in a campus full of "professional" entitled students on in an inner city neighborhood. "How dare they expect us to WORK for our entitled benefits!"
While these transitions can be done, they are not easy and have never been attempted on the KSA scale before. The Kingdom of Bahrain is probably the best example. They pumped out the last of their oil 40 years or so ago and made a successful transition into being the regions banking, shopping and tourist center. They also practice a far more laid-back and tolerant brand of Islam, save for a die-hard tribe of Shiites who are the source of almost all the crime and unrest in the idyllic little island kingdom.
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>> “Oil is not going to last forever.” <<
Neither is the universe!
They’ll both expire contemporaneously.
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How do you teach welding to someone who’s entire uniform will immediately burn up if a single spark should hit it?
LOL! See my post #13. I think my Saudi friend was painting an overly rosy picture. Most of the Ex-pats there told me exactly what you did.
That's clearly the intention here.
Bingo!
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