This is with reference to the report “Merchants say Saudization drove away 60% of gold market investors” (Feb. 13). It is a very disturbing report and the authorities should take note of the situation. Saudi Arabia should not follow in the footsteps of its smaller GCC counterparts. Saudi Arabia is a huge country in terms of population, total area and natural resources.

The Kingdom has the potential to create employment and business opportunities for both Saudis and expatriates. I strongly believe that by adopting an expat-friendly policy, the Kingdom could reach new heights of progress. However, this should not be done at the expense of the interests of the local population. But the manner in which this Saudization drive is being carried out, it will create huge problems for the country in the long run. The Saudization process and the Nitaqat program are actually scaring investors away and they are looking for countries with investor-friendly policies. The authorities should review their labor policies and try to get them in line with the ground realities in the greater good of the country.