This website stores cookies on your computer. These cookies are used to improve your website experience and provide more personalized services to you, both on this website and through other media. To find out more about the cookies we use, see our Privacy Policy. We won't track your information when you visit our site. But in order to comply with your preferences, we'll have to use just one tiny cookie so that you're not asked to make this choice again.

Saudi police fires at angry workers protesting over unpaid salaries

Barr said that United Seemac had not renewed medical insurance for its workers after it expired earlier that year, meaning that the employees couldn’t access healthcare in Saudi Arabia.

 

Saudi Arabia has announced plans for an economic overhaul under a plan called Saudi Vision 2030.

It was publicized by Saudi King Salman bin Abdulaziz Al Saud in a televised announcement on April 25, 2016, and appears to be the brainchild of the king’s now Crown Prince Mohammed bin Salman.

It focuses on privatizations, further reductions in subsidies, selling a stake of less than 5 percent in Saudi Aramco, and the creation of a giant $2-trillion Sovereign Wealth Fund.

Economists and financial experts, however, maintain that Saudi Arabia’s plan looks blurry, and the creation of a sustainable Saudi economy remains a mirage.

Share This Post

related posts

On Top