Abundant, skilled workforce
Key fact: The world’s 7th highest education spender
Education is central to the Kingdom’s development agenda as nowhere else in the world. As the world’s 8th highest education spender, Saudi Arabia is investing heavily in education and training programs to furnish investors with a workforce capable of world leadership in a knowledge-based economy.
Meanwhile, the Kingdom matches its robust investment in skills with one of the world’s most pro-business regulatory frameworks: the World Economic Forum rates Saudi Arabia’s labor market as the 7th freest in the world.
In addition to the Kingdom’s skilled local workforce, Saudi Arabia has long welcomed an abundance of foreign workers to the country, including both highly skilled professionals and low-cost labor. With the Kingdom’s expansive, well established infrastructure for accommodating expatriate workers of all kinds, companies based in Saudi Arabia are able to easily draw upon talent from around the region and the world.
With a 0% individual income tax, the Kingdom offers exceptional economics for employers, as well as an attractive incentives for industrious opportunity-seekers.