By Daniel Shane
Move could come amid other initiatives to boost presence of Saudis in private sector
Saudi Arabia is considering introducing a mandatory retirement age of 60 years old for expats in the kingdom, it was reported.
According to Arabic language Al Madinah, the proposal has been drafted by the Ministry of Labour, although it could make some exceptions, such as overseas workers who have considerable expertise in a particular field.
Saudi Arabia, the Gulf's most populous country and world's largest oil producer, does not currently impose a maximum working age on foreign nationals. The national retirement age for Saudi Arabian citizens is currently 60.
Jeddah Chamber of Commerce and Industry human resources committee chairman Dr Samir Hassan told the newspaper that any new legislation should also facilitate replacing retired expat workers with Saudi nationals.
The article did not indicate a timeframe for the introduction of new legislation on retirement age, but estimated that the current number of foreign workers over this age working in the private sector was about 500,000.
Unemployment among Saudi nationals currently stands at about 12 percent, according to Ministry of Labour estimates, while about nine-tenths of workers in the private sector come from overseas.
Saudi government initiatives to boost private sector employment among its citizens have included implementing quotas on the number of foreign workers companies can employ, with those companies that break them facing fines.
"Logan's Run is a novel by William F. Nolan and George Clayton Johnson. Published in 1967, it depicts a dystopic ageist future society in which both population and the consumption of resources are maintained in equilibrium by requiring the death of everyone reaching a particular age."
Life imitating art.....
Most of the professionals from the western and Asian countries are above age of 60 i do not think that it is feasible and depriving KSA of the most experienced and productive people . Europe has raised the age of retirement and KSA should also increase the retirement age of Nationals as they are in good health as compare to countries like Pakistan or India
Given that the life expectancy of a person living in KSA is 74 Years, the authorities should reconsider the retirement age for local population. Also they will need to consider that in the current inflation ( during '12, KSA had an inflation rate between 5.4% to 3.2%,), it would be very challenging for anyone to live 15 years of his near-old age life without an income. Social challenges such as large families, polygamy, in complete education further add to the problems one can expect.
This is a positive proposal to create more vacancies for the Saudi Nationals but it is a very sad new for those expatriates who passed their lives in serving the Kingdom/
Saudi Labor ministry must plan how to create maximum jobs for the jobless Saudis but it should be performed in a very positive way.
60 and above age expatriate mostly played a remarkable long role in Kingdom's economy with hard working and dedication. At this age they have more responsibilities as children education at higher level, daughters marriages and other family needs. They should be granted with some service Award like pension, old age benefit scheme, or any additional retirement award so that when they leave their place they are satisfied that they got a good end of there service.In my opinion one month additional salary for each completed year should be awarded as service reward.