How $40 Oil Is Driving Social Change in Saudi Arabia – Bloomberg

This is one of the few must hear podcasts that gives a glimpse on a changing House of Saud. How the Saudis are recalibrating their lives in the today’s era of depressed oil prices and faced with a budget deficit.

One of these changes is how the work-force is changing. Labour markets in Saudi Arabia will most likely result in a mass exodus of temporary labor from countries like India, Pakistan, Bangladesh, etc and would save the Saudis Billions in remittance outflows which would decrease.

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Source: How $40 Oil Is Driving Social Change in Saudi Arabia – Bloomberg

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