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Global Trade Alert

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Saudi Arabia: Ceiling on money transfers by foreign workers

Description

The Saudi Labor Minister, Adel Fakieh, announced on 24 October 2011 that the government will introduce a "salary protection program" through which expats would be obliged to keep the bulk of their sal...

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Intervention Details

Intervention Type

Repatriation & surrender requirements

MAST Chapter

Capital control measures

Implementation date

No implementation date

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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