Growing rents and other cost-of-living factors have led a recent study to conclude that 23 percent of expatriates living in Saudi Arabia are unable to save any money.
According to the study titled “Pay, Inflation and Mobility in the Gulf” by GulfTalent.com, one of the region’s leading recruitment firms, the highest rate of foreign non-savers in the Gulf region is in the United Arab Emirates (UAE), at 43 percent.
The survey is based on interviews of 18,000 professionals, including 1,000 nationals and 6,000 expatriates living in the Gulf Cooperation Council (GCC) countries, and 11,000 expatriates based outside the Gulf region but with an interest in relocating to the region.
