Menu Close

Saudi Unemployment at 10.5% Despite the Enormous Wealth

Saudi Arabia, a family-owned country sitting on one of the world’s largest riches and exports over 10 million barrels of oil per DAY, has a 10.5% unemployment rate that leaves over 2 million of Saudi nationals without work. Has one of the lowest salary rates for expatriates in the world where 86% of the 8 million foreign workers do jobs not suitable for Saudis (racism?) and 68% of these foreign workers receive a monthly salary of less than SR 1,000 ($270).

Oil production by Saudi at 10 mln barrels a day (x $100/brl = $1,000,000,000/ a day)

Oil production by Saudi at 10 mln barrels a day (x $100/brl = $1,000,000,000/ a day)
Oil jobs in Saudi are mainly run by ARAMCO, an American state inside Saudi
Oil jobs in Saudi are mainly run by ARAMCO, an American state inside Saudi

One of the King’s late brothers, the former crown prince Sultan left his heirs about 1 Trillion Saudi Riyals ($ 270 Billion!!) from his hard work as a minister of defense for the past several decades, yet more than 2 million Saudi nationals don’t have work.

Late Prince Sultan Ben Abdul Aziz, a very hardworking former crown prince, he produced tens of children, one of them is Bandar Bush!
Late Prince Sultan Ben Abdul Aziz, a very hardworking former crown prince,
produced tens of children, one of them is Bandar Bush!

Add to the riches, the ‘Familydom‘ oversees Muslims 2 most holy places in Mecca & Medina, which witnessed in the last Hajj (pilgrimage) near 2 million pilgrims, 1.3 million came from abroad and that by itself is enough earnings that would be a huge add to a normal budget of a country of 27 million citizens only.

Hajj - Pilgrimage to Mecca
Hajj – Pilgrimage to Mecca

The Saudi royals, counting around 30,000 per some statistics although it would be impossible to count due to their ‘marriage & dump rates’, each receive a monthly salary of SR 25,000 to SR 60,000 commencing the date of birth depending on how close the ‘royal’ is to the father of the current king sons. Upon reaching 18, the royal would be granted (gifted, for free, doesn’t pay for..) a palace where he can start reproducing,  with cars, gardeners, maids.

Al Qaeda FSA, mainly Saudi fighters with Saudi money
Al Qaeda FSA, mainly Saudi fighters with Saudi money

Saudi Arabia is the biggest financier of money to the Jihadi groups infesting Syria at the orders of the Obama Administration, they contribute in tens of millions of dollars, they contribute also with men, weapons and logistics. Yet, Jihadist Al Nusra Front fighting in Syria, financed by Saudis at the orders of the Obama Administration was recently listed by the USA as a terrorist group..! Its other names are Al Qaeda Levant, FSA or Free Syrian Army, in case you didn’t know.

To help us continue, please visit the Donate page to donate or learn how to help us at no cost.
Follow us on Telegram: http://t.me/syupdates link will open the Telegram app.

Latest News:

Comments:

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

GDPR rules by the EU: Syria News will use the information you provide on this form to be in touch with you and to provide updates and marketing.
donate