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Very in depth article. the Saudis are having a hard time filling jobs because the youth are lazy and Saudi Arabia has lost 800k ex pats due to new laws. I think this is good news. Sauki Arabia is not our ally and bad news for them is good news for us.
http://www.businessinsider.com/saud...light-expat-exodus-and-business-unrest-2018-7
Articles Highlights
http://www.businessinsider.com/saud...light-expat-exodus-and-business-unrest-2018-7
Articles Highlights
- The Saudisation policy of Saudi Crown Prince Mohammed bin Salman 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 gross domestic product.
- A recent rebound in oil prices has temporarily rescued the ailing Saudi economy, but it will not be a long-term solution