VOL. XLVI

No 49

8-December-2003

SAUDI ARABIA

BUDGETS AND REVENUES

Transfers By Expatriate Workers In Saudi Arabia Reach $156Bn Over 10 Years

Monetary transfers out of Saudi Arabia by expatriate workers in the kingdom over the past decade have reached SR585.4bn ($156.1bn), according to a report by the General Statistical Office of the Saudi Ministry of Economy and Planning. The report said that despite efforts to stem the outflow of money, transfers have grown at an average rate of 2% per year...