VOL. XLII

No 43

25-October-1999

SAUDI ARABIA

Saudi Industrialists Warn Of Investment Diversion Due To Increased Labor Costs

At a meeting at the Riyadh Chamber of Commerce on 17 October with the Minister of Labor and Social Affairs, Mr. 'Ali ibn Ibrahim al-Namla, representatives of the local business community spoke of the possibility of diverting new investments to neighboring countries due to the rising costs of hiring foreign nationals. According to an article in the Arabic daily...