The Saudi government’s new “instant visa” fast tracks the process of hiring foreign workers for nascent firms, and is accompanied by a one-year grace period on Saudization requirements. Coming in the wake of aggressive moves to limit job opportunities for migrants, including sector-wide bans on the employment of migrant workers, the new policy highlights the challenges of striking the right balance between creating jobs for Saudis and supporting Saudi businesses. The debate is hindered by fundamental analytical errors that proponents of each side make when arguing their case.
Saudi ‘instant visa’ and the challenges of open labor markets
A total of 1,600,070 Saudis are currently employed by the private sector. (Reuters)
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