- FOREIGNERS working in the Kingdom transferred a total of SR90 billion to their home countries last year.
If we divide this figure by seven million (the approximate number of expatriates in the Kingdom), then the average transfer per person per month is SR1,072.
This amount may be correct as far as foreigners who abide by the Kingdom’s rules and regulations are concerned. However, those who reside in the Kingdom illegally transfer amounts several times higher than this. This is possible for them in the absence of stringent monitoring of both their revenues and transfers.
There are also foreigners who work in specialist sectors such as the engineering, medical, banking, technical and IT sectors. They earn large salaries. Is there any logic in thinking that such workers send remittances amounting to only SR1,072 per month?
I do not know where this figure has come from? What advantage is there in anybody circulating such incorrect figures? Do they wish to play down our fears? Are we going to believe that this figure is true, as we know the actual figure is much higher than this?
If we assume that 1 million foreigners, out of the total 7 million, are working in the aforesaid specialist categories and earning large salaries, then each one might be transferring at least SR10,000 per month to their countries. That means that they send a total remittance of SR120 billion per annum, which is a 30 percent increase in the total remittance. Then, what about the remittances of the remaining 6 million foreigners?
Just imagine a situation in which our jobless young men and women were to receive these salaries instead of foreigners who transfer their earnings to their home countries.



