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Bloomberg
Saudi Arabia will waive the fees it requires industrial companies to pay for their foreign workers for a period of five years, lightening a burden on the private sector.
Since January 2018, businesses have been required to pay fees for foreign workers they employ, part of the government’s strategy to raise non-oil revenue.
In February, King Salman approved a $3.1 billion plan to ease the levies and help revive economic growth.
The cabinet announced that the state will temporarily cover the cost of the fees for licensed industrial companies, according to the official Saudi Press Agency.
There are two types of fees on foreign workers in the kingdom. The change applies to those paid by businesses, not to fees that foreign residents must pay on behalf of their dependents.