Expat salaries in Saudi Arabia highest in the world. For foreigners, Saudi Arabia has become a popular location. The Middle Eastern nation offers the greatest earnings to expats, according to recent research by consulting firm ECA International.
Expat salaries in Saudi Arabia
The highest average salary for middle managers worldwide, according to the MyExpatriate Market Pay Survey, is 83,763 pounds ($88.64 lakh) in Saudi Arabia.
Despite a 3% decline from the prior year, it was noted that the average pay is still the highest.
Meanwhile, it was found that sending employees to the UK was the most expensive option available.
“While they may not top the overall rankings, expatriate salaries in the Middle East tend to be incredibly generous as a way of encouraging people to relocate there, with the highest salaries being in Saudi Arabia. However, the cost of benefits ranks lower, and combined with the lack of personal tax, overall package costs are more affordable,” Oliver Browne, Remuneration and Policy Surveys Manager at ECA International, said in a release posted on the consultancy firm’s website.
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“This is in contrast to the UK, where the bulk of the package cost is due to tax and benefits rather than salary,” he added.
According to the survey, the income difference between British and Japanese expats has grown.
The typical package in the UK, which includes salary, tax, and benefits including housing, foreign schools, and utilities, is $441,608 (Rs 3.62 crore), however, salary only accounts for 18% of the overall.
Hong Kong rose three spots to take the fifth-most costly spot in the world to send workers abroad despite the decline in actual terms. Singapore was ranked sixteenth overall.
