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Gulf Shock: Thousands of Expats Face Job Loss as Major Country Cracks Down - News Directory 3

Gulf Shock: Thousands of Expats Face Job Loss as Major Country Cracks Down

September 4, 2024 Catherine Williams World
News Context
At a glance
  • Oman has introduced indigenization in about 40 sectors where expatriates are employed, a move that is expected to affect many Malayalis working in the Gulf country.
  • This decision is likely to result in job losses for expats, including those from Kerala, who have been working in Oman for several years.
  • The sectors that will be affected by this decision include engineering, among others.
Original source: news.google.com

Oman’s Decision to Introduce Indigenization in 40 Sectors: A Setback for Expats

Oman has introduced indigenization in about 40 sectors where expatriates are employed, a move that is expected to affect many Malayalis working in the Gulf country.

Impact on Expats

This decision is likely to result in job losses for expats, including those from Kerala, who have been working in Oman for several years.

Affected Sectors

The sectors that will be affected by this decision include engineering, among others. The Oman government has published a list of 40 jobs that will be naturalized, which means that only Oman nationals will be eligible to work in these sectors.

Foreign Investment Ban

In addition to introducing indigenization, the Oman government has also banned foreign investment in 28 other sectors, as part of its efforts to strengthen the local economy.

Key Points

  • Oman introduces indigenization in 40 sectors, affecting expats.
  • Job losses expected for expats, including those from Kerala.
  • Affected sectors include engineering and others.
  • Oman government publishes list of 40 naturalized jobs.
  • Foreign investment banned in 28 sectors.

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