Monday, December 14, 2020
Drop of Expats Jobs in Gulf countries lesser than Expected
Expats in the Gulf countries may not leave in the numbers than expected earlier as economies are performing better than expected during the Corona virus pandemic, as per the Oxford Economics.
The effect on jobs of the declines in non-oil sector has been smaller than predicted, Scott Livermore, chief economist for the Gulf region, wrote in a report. Travel restrictions and the use of unpaid leave on absence have weakened the link between expats losing their jobs and returning to their home country.
- Expats are still expected to leave in significant numbers across the 6 nations comprising the Gulf Cooperation Council (GCC), which consists of Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Bahrain and Oman, which are all heavily dependent on expatriate workers in various sectors like construction and finance. Trending : Jawazat allows to issue final exit visa to domestic workers before the issuance of iqama
- As economies slowed down and then shrink during the global health emergency, many expats whose residency visas were linked to jobs that had disappeared were forced to go to their home countries.
- Fueling the emigration, Kuwait passed legislation cutting down its expats workforce as it look to ease local anger over job losses. As a result, the report said both Kuwait and Oman may have finally turned their backs on expatriates.
- On the other side, the drop in Saudi expatriate jobs has been lower than estimated, at 3.8 percent, excluding domestic workers. And the report revealed foreigner workers are likely to return to Bahrain and Saudi, although it will likely take a couple of years for numbers to reach pre-pandemic levels.
- While, in UAE, where there have been significant cuts to the manpower announced across key sectors, the expat population will likely to decrease in line with previous calculation by nearly 10%. Read : Bahrain and UAE approves the registration of Chinese Sinopharm corona vaccine
