Saudi Aramco spends $200 million on non-Saudi employee recruitment

Published June 11th, 2001 - 02:00 GMT

Sources in the Saudi labor market have revealed that the Saudi Aramco Company spends $200 million annually on recruiting non-Saudi employees through several specialized manpower companies.  

 

These companies usually offer the employees wages that are 30 to 50 percent below employment contracts originally signed with Aramco, according to reports in Al-Hayat daily.  

 

Aramco currently employs approximately 56,500 people—80 percent of which are Saudi citizens—while the rest are from more than 50 countries in the Middle East and around the world. According to company sources, Saudis hold almost all of the management and operating positions.  

 

Nearly 99 percent of Saudi Arabia’s proven crude oil reserves (259.2 billion barrels), accounting for one quarter of the world's total reserves, are maintained by Aramco. –(MENA Report)  

 

© 2001 Mena Report (www.menareport.com)


© 2000 - 2019 Al Bawaba (www.albawaba.com)

You may also like