Kuwait Will Witness The Highest Percentage Of Expatriates Leaving The Gulf

A report by the Oxford Economics Foundation expected a decline in the number of arrivals leaving the Gulf region, contrary to the size of previous expectations, with some economies of countries such as Saudi Arabia and Qatar achieving better results than what was expected during the global health crisis.

According to the Foundation’s estimates, the percentage of expatriates expected to leave Kuwait is about 12 percent of the total for this large segment of the population, compared to expectations ranging at about 9 percent last May, indicating that this expected percentage is the highest in the Gulf.

Scott Livermore, chief economist on regional affairs at Oxford Economics, said that the impact of the decline in non-oil GDP on jobs has recorded less than expected results, pointing out that travel restrictions and the option to take leave in exchange for deducting salaries and absenteeism from work without pay have put expatriates Those who lost their jobs are confused.

The report expected that the expatriates in the Gulf will leave the region in large numbers, while Qatar, Saudi Arabia and Bahrain will need about two years to reach pre-pandemic levels in terms of the size of the expatriate presence, with their expected return after recovering from Corona.

According to the report, the decline in expatriate jobs in Saudi Arabia was less than expected at 3.8 percent, excluding domestic workers, while the population of Qatar decreased by 2.8 percent between March and November. And in the UAE, where deep cuts have been announced in the workforce across key sectors, the number of expatriates is likely to decline in line with previous estimates. Meanwhile, Kuwait and Oman appear to have firmly turned their backs on the arrivals.

 

SOURCE: ALRAIMEDIA

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