To be quite precise, Expats come to Saudi for work. Although finding a job in the country is difficult, Salaries in Saudi are available for qualified, skilled, and willing positions. Despite the economy being affected by the lower oil prices, there are plenty of job opportunities waiting for expats. The oil industry remains the major employer for 10 million expats in the country. Besides this, a huge number of expats have jobs in IT, banking and financial services, Healthcare and medicine, teaching(women), construction, urban planning, resource management, service sector, or telecommunications. Furthermore, with the rise in investment in urban planning, food processing, transport infrastructure, and water resource management have lucrative opportunities for foreigners.
Maximum expats working in Saudi were contracted initially in their previous city of residence. The new push for ‘Saudization’ by the government has however made things a bit complicated. For women, the teaching sector has excellent job opportunities. If you have relevant skills and qualifications, you can apply to a private school provided that you have a work visa. You can even provide private English tuition. The British Council in Saudi assists individuals who wish to work in this sector.
Working in Saudi reaps extensive financial benefits. Compared to the US and UK, Saudi offers a higher salary for the same work. Moreover, the fact that there are no rules for paying personal income taxes, you get to boost your net income. With the absence of social security, there are no cutoffs from your monthly payout. However, with the high income, you need to invest in private health insurance and contribute to a corporate pension plan whilst you stay in Saudi.
Encouraging entrepreneurship and creating small/medium-sized businesses are highly discouraged. Although few expats opt for this route because of bureaucratic hindrances. However, this calls for excellent Saudi business partners, unclear formalities, and high start-up costs.
In case you wish to switch your job, you need the approval of your employer. Expats are restricted and banned from opting for 41 distinct jobs. Workplaces are friendly and have a diverse culture with a big number of expats. Nepotism is a major factor in Saudi Arabia. Business owners employ family members as they give priority to family.
Several companies work according to the lunar Hijri calendar while some follow the Gregorian or international calendar. There are no holidays on Sundays but Fridays and Saturdays. Work hours may be confusing due to split shifts(8:00 to noon, 15:00 to 19:00). Government Offices are open from 7:30 to 14:30. Working hours are limited to 8 hours a day(10 hours with overtime)/48 hours a week(60 hours with overtime) under law.