The changing socio-economic climate in Kuwait presents a unique set of challenges for expatriates. From evolving job markets to escalating healthcare costs, and changes in visa policies, expats are grappling with uncertainties. These shifting dynamics underscore the importance of an exit plan, enabling expats to be prepared for future transitions.
1. The Impact of Kuwaitization
The Kuwaitization policy, aimed at replacing expats with Kuwaiti nationals in the workforce, poses significant threats to expats' job security. For instance, An IT professional from India, lost his job due to this policy and is struggling to find another position.
2. Rising Costs Amid Stagnant Salaries
With the cost of living in Kuwait escalating, many expats are feeling the pinch as their salaries remain stagnant. Take the case of a Filipino nurse, who finds it challenging to save money due to increasing costs and static income.
Also Read - Cost Of Living In Kuwait
3. The Shift in Healthcare Policies
Recent changes in healthcare policies directly impact expats. Notably, the Ministry of Health has imposed new charges KWD 20 on blood transfusions that were previously free for expats , Click Here To Read . Additionally, soon or later, expats are required to pay an annual health insurance fee of KD 130, which can also be found on here.
4. Technological Upgradation Challenges
The rapid pace of technology demands constant upgradation of skills. However, many expats in Kuwait find it challenging to keep up with these changes. An engineer from Egypt, who is struggling to find a job because he lacks the latest technical skills demanded by employers.
5. The Inevitability of Non-Citizenship
No matter how long they have lived in Kuwait or how much they have contributed, expats cannot become citizens of Kuwait. This underlines the inevitability of an eventual return to their home countries.
6. Increased Residency Renewal Charges for Senior Expats
Recently, Kuwait has introduced higher charges for residency renewals, particularly affecting senior expats. A 60-year-old expat from Afghanistan, who has been working as a truck driver in Kuwait for over 35 years, now faces a steep annual fee of 1000 KWD for his residency renewal.
7. Restrictive Family and Visit Visa Policies
Another major concern for expats in Kuwait is the restrictive visa policies. Family visas and visit visas have been halted for an extended period, creating a significant strain on expats who cannot bring their dependent parents or have other family members visit them.
To navigate these challenges, it's crucial for expats to formulate a robust exit strategy, including:
1. Establishing a Second Income Stream
Expats can consider creating a secondary income source to ensure financial stability. This could involve setting up a small business in their home country or making strategic investments.
2. Skill Upgradation
It is essential for expats to stay abreast of the latest industry trends and technologies. Online courses or professional development programs can enhance employability and improve future job prospects.
3. Planning a Return Home
While exploring opportunities in other countries can be beneficial, many find that returning home can also offer better opportunities, with the added advantage of familiar surroundings and support networks. In the end, home is home.
4. Saving and Investing Wisely
With economic uncertainties looming large, robust savings and smart investments are key to financial security. It's
crucial to start saving as much as possible now, to prepare for future transitions.
These strategies can ensure that expats navigate the changing dynamics effectively. With careful planning and preparation, they can make a smooth transition when the time comes.
