Saudi Arabia the largest Middle East country has a thriving economy and many citizens enjoy a high-quality of life.. Saudi Arabia has one of the most extensive natural resources in the Middle East including oil and natural gases. Saudi Arabia has a population greater than 33 million and is currently the 19th most populous Arab country. Its gross domestic product (GDP) is more than US$777billion ️ 🇸🇦 1️⃣ …
Recently the Saudi government has taken initiatives to diversify their economy and create more job opportunities for citizens 🇸🇦. As part of this endeavor they implemented various economic reforms just like opening up the labor market to foreign investment and restructuring the fiscal system 🆙.
Despite the recent economic reforms the Saudi government still relies heavily on oil revenues to fund its economy and pay its citizens. According to the World Bank the country earned higher than US$90 billion from oil exports in 2018 🌏 🏦.
Saudi Arabia’s government sets salaries and wages for its citizens. A Saudi citizen can expect to earn between US$8,000 and $9,000 ️ 🇸🇦. This depends on their work experience and the sector they are in.
Saudi Arabia also has one of the highest minimum wages in the world. According to the International Labour Organization the minimum wage in Saudi Arabia is 1,500 Saudi Riyals (about US$400) per month. The minimum wage is the same for all employees regardless of the sector they work in or their experience.
On top of that to the minimum wage the government of Saudi Arabia also provides a many other benefits and subsidies to its citizens. These include subsidies on gasoline, electricity, and other essential commodities. Moreover, the government provides free medical care, and education to all of its citizens.
The government also provides a variety of other social welfare benefits to its citizens including things like things like pensions unemployment benefits and housing subsidies.
Saudi Arabia offers its citizens a plethora of incentives and salaries, also benefits. Some sectors receive tax exemptions, for example, manufacturing or infrastructure development. The government has also set up several investment funds to encourage investment in the country 🆙.
Overall, the government of Saudi Arabia offers its citizens a several economic and social benefits ️ 🇸🇦. While the average salary may not be as high as in other countries the government’s various subsidies and incentives help to make up for this difference 🆙. Additionally the country’s relatively stable economic environment and low cost of living make it a desirable destination for those seeking a better quality of life. ! .
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