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'Employers say young Saudi men and women are lazy and are not interested in working'
 [Business Insider] Saudi Crown Prince Mohammed bin Salman may have portrayed himself as a moderniser rolling back the country's stultifying social restrictions ‐ but he is struggling to turn the country's financial fortunes around, with the economy suffering a crisis of confidence.Hit hard by the oil-price collapse, the kingdom is now experiencing a plunge in foreign investment and high levels of capital outflow as its de facto leader, MBS as he is commonly known, attempts to consolidate power and steer a new economic course. The uncertainty caused by his ambitious, some would say unrealistic, plans to modernise the economy has been further stoked by Saudi Arabia's apparent struggle to fill private sector jobs vacated by a growing exodus of expats. As of April, more than 800,000 had left the country since late 2016, alarming domestic companies concerned that the foreigners cannot be easily replaced. Posted by: Besoeker 2018-07-10 |
| http://www.rantburg.com/poparticle.php?ID=518103 |