Saudi Arabia working to soften blow of subsidy cuts

Updated 19 April 2016

Saudi Arabia working to soften blow of subsidy cuts

Saudi Arabia will seek to limit the impact of subsidy cuts on citizens as the country tries to overhaul its economy for the post-oil era, said Deputy Crown Prince Mohammed bin Salman.
The government is developing a mechanism to provide cash to low- and middle-income Saudis who rely on subsidies, the deputy crown prince told Bloomberg in an interview released Monday.
"We don’t want to change the life of the average Saudi,” the deputy crown prince said. “We want to exert pressure on wealthy people, those who use resources extensively.”
Deputy crown prince suggested that cash handouts may reduce consumption.
"Let’s say the international price for electricity is 1,000 riyals and you only pay 50, we will give you the 1,000 riyals and increase the price of electricity," he said. "You will have two options: You either spend the 1,000 on electricity bills like you used to, or you can lower your electricity consumption and use it on something else."


‘Wusool’ transport program benefits 60,000 Saudi women

Updated 20 February 2020

‘Wusool’ transport program benefits 60,000 Saudi women

RIYADH: Over 60,000 Saudi female employees have benefited from Wusool, a female transportation program that helps ease their daily commute.

The program aims to find solutions that reduce the burden of transportation costs for Saudi female workers in the private sector by providing them with subsidies from the Human Resources Development Fund (HRDF) for high-quality, safe and secure transportation services to and from the workplace, partnering with taxi companies through licensed smart apps.

The program aims to increase the participation of women in the labor market and increase job stability. 

The HRDF said it made amendments and updates to Wusool to ensure that the largest number of applicants benefitted from it. This comes as part of the HRDF’s support for women working in the private sector.

The procedures included amendments to the terms of enrollment in the program, including the requirement to be registered under the General Organization for Social Insurance (GOSI), where the employee should be registered for less than 36 months, and her monthly salary should not exceed SR8,000 ($2,132). SPA Riyadh

The amendments also included a fixed monthly financial support provided by HRDF, covering 80 percent of the cost at a maximum of SR800 per month, in addition to the cancelation of the previously planned financial participation of SR200, and extending the support period to 12 months.

Women working in the private sector can register for the Wusool program by visiting http://wusool.sa.