The question is whether Riyadh is ready for an influx of foreign white-collar workers and their families. Read more at straitstimes.com.
Foreigners also complain about the length of time it takes to secure a work visa, even while tourism passes are easier to obtain.
A metro system, which was set to be completed by 2019, has yet to open. Signs of trouble are also evident in the recent firing of the head of the Royal Commission for Riyadh City , the entity responsible for implementing the masterplan, suggesting frustration by the crown prince over a lack of progress.
He explained that’s due to a number of factors: more foreign professionals moving to Riyadh, limited availability in the housing compounds favoured by Westerners due to relaxed dress rules, gyms and swimming pools, and a growing trend among young Saudis to move for job opportunities. “It’s no longer a case of ‘I want a 50 per cent increase to move’ – anyone who says that is pretty much a ‘no’ at the moment,” said Mr Rea, adding that employees moving to Riyadh from Dubai could still get pay raises of 20 per cent - 25 per cent.
Most expatriates will not be ready for the kind of lifestyle Riyadh entails, said a European woman who recruits for the kingdom’s expanding hospitality market. She moved to the Saudi capital from Dubai a year ago and cites being unable to practice Christianity freely and a blanket ban on alcohol as factors.Still, much has changed in Saudi Arabia.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Aramco to supply full oil volumes to some Asian refiners in May -sourcesSINGAPORE : Saudi Aramco has told at least four customers in North Asia they will receive full contract volumes of crude oil in May, several sources with knowledge of the matter said on Monday, despite the extra output cut announced by the oil majors earlier this month.Saudi Arabia, the world's top oil ex
Read more »
LIV Golf contingent leave mark on Masters leaderboardAUGUSTA, Georgia : Nobody from the LIV Golf contingent at this year's Masters were able to slip into the Green Jacket, but a few players from the controversial Saudi-backed circuit left an indelible mark on the leaderboard at Augusta National on Sunday.Four-time major winner Brooks Koepka and three-time M
Read more »
Aramco to supply full volumes to Asia despite OPEC+ oil cuts - sourcesSINGAPORE :Saudi Aramco has told at least four customers in North Asia they will receive full contract volumes of crude oil in May, several sources with knowledge of the matter said on Monday.The steady supply comes even as the Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC
Read more »
Al-Hilal's hopes of retaining title fading after 3-0 loss at Al-ShababAl-Hilal's faltering bid to retain their Saudi Pro League title has suffered another blow with a 3-0 defeat at third-placed Riyadh rivals Al-Shabab with Al-Ittihad and Al-Nassr, led by Cristiano Ronaldo, battling it out for the championship.Al-Hilal, who had Colombian midfielder Gustavo Cuellar sent off i
Read more »
Bungalow at Linden Drive sold for $24 mil; Vanda Crescent bungalow fetches $21 milThe Victorian style main house and tropical style pavilion of the property at Linden Drive (Photo: GCB Collective/Huttons Asia)SINGAPORE (EDGEPROP) - In the Raffles Park landed housing estate, a detached house at a cul-de-sac on Linden Drive has changed hands for $24 million. Based on the freehold site of 11,314 sq ft, this translates to $2,121 psf. Lawrence See and Elvin Ang of GCB Collective, a team of bungalow specialists in Huttons Asia, brokered the sale.A year ago, the detached house was o
Read more »
‘Super rich’ South Koreans ditch real estate for cash in 2022: ReportWith the slowdown of the stock market, the super rich owned fewer stocks than before. Read more at straitstimes.com.
Read more »