The GCC should instigate a common labour insurance scheme for Gulf citizens to encourage professional mobility between the six countries, according to a Saudi minister.
Mufrej Al Haqabani, minister of labour and social development, was quoted in local media as saying that an inter-GCC work insurance scheme would encourage the workforce to move freely to work in any of the other Gulf states, in the knowledge that the same employment protection was in place.
Such a scheme would also improve economic and social stability across the region, he said.
Al Haqabani was speaking during the sixteenth meeting of the heads of GCC civil retirement and social insurance departments in Riyadh on Tuesday, according to Arab News.
He was quoted as saying: “The interdependent systems of insurance face some problems, but it’s important to develop the working mechanisms of these systems, benefit from international experiences, and develop mechanisms of improvement and follow-up.
“There are numerous ways we can utilize to improve the financial capacity of social insurance agencies and institutions in the region.”
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