The Egyptian consulate in Jeddah has announced yesterday that it is intensifying its efforts to deport Egyptian violators of residency laws, and visit visas, and work in the jurisdiction of the consulate, consulate confirmed that the number of violators of the laws and due to be deported in Jeddah reached 150 people.
Saudi Arabia rectify the situation
And launched Arabia start of April to crack down on foreign labor unlicensed has, with the introduction of a new amendment in the Labour Law stipulates that covers national employment rate of 10% of the functions of the state, and gave a deadline for the government sectors and civil to March 27 to apply.
The Saudi government's decision came after a Saudi official statistics showed that about 12% of its citizens out of work, plan to announce the Kingdom includes 50 thousand workers per month, according to the new law.
The new law prohibits the practice of any foreign worker sponsor system to work for non-sponsor, even though many of the workers say Alcaflan Saudis have taken bail them where trade are paid under an annual remuneration of workers who sponsors.
The Saudi Arabia during the past few days to deport thousands of workers right-wing, claiming they are illegally in the country, has outraged citizens Yemen who have demonstration major to denounce the action Saudi especially with the presence of political and economic crisis in the country following the ousting of its former president Ali Abdullah Saleh.
India also announced it was in current negotiations with the Saudi authorities, following news deport violators workers, where the new law threatens to deport a million Indians who work in the Kingdom, out of about two million and 500 thousand Indians to the Kingdom.
A major artery of the economy
Working in Saudi Arabia about 7 million foreign workers, mostly in manual jobs and simple craft, while indicating some unofficial figures there are about two million Egyptians in Saudi Arabia, but still the number of Egyptians in conflict with the new amendment Saudi labor law is not accurately known.
The Egyptians in Saudi Arabia about 50% of the total number of Egyptians working abroad, and who contribute directly to pump hard currency to Egypt through remittances to their relatives.
A report issued by the Central Bank of Egypt to the rise in the total remittances from Egyptians abroad during 2012 to 19.55 billion dollars, an increase of about $ 4 billion total remittances in 2011.
The remittances from Egyptians abroad only source of foreign income which has not declined since the revolution of January 25, recording a high level during 2011 and 2012.
The recent report of the World Bank, on migration and remittances in the world, has shown that remittances from Egyptians abroad to Cairo, ranked sixth in the world, in 2012.
It is known that the sources of foreign currency in Egypt is to tourism, exports, and foreign investment, and the Suez Canal, as well as remittances from Egyptians living abroad.
Following the revolution fell tourism revenues significantly with the continued deterioration of the security situation in the country, and the absence of political polarization, also fell foreign direct investment, noting the central bank said net foreign direct investment has declined during the first quarter of fiscal year 2012-2013, to reach 108.1 million, by the end of September 2012 dropped by 94.2% from the previous quarter, and a decline of 75.4% from the comparative period of fiscal year 2011 - 2012.
As Suez Canal revenues dropped during 2012, to reach about 5.1 billion dollars, down 1.7%.
A serious economic impact
The decision raises the Kingdom deporting violators, and the non-implementation of the decision to give them more time to try to correct their legal status, fears deportation of a large number of Egyptians in the Kingdom to Egypt, which will have a serious economic impact.
On one side, you will lose Egypt is part of the dollar remittances that they receive during the past few years, and that was an important factor in saving foreign exchange reserves and balance of payments, during 2011 and 2012.
As remittances was one of the economic effects that contribute to determine the exchange rate of the dollar in the Egyptian market, and is working to balance the demand and supply of the U.S. currency, which could threaten the biggest rise in the dollar if decline such transfers in the future.
The returnees will enter the Kingdom of Saudi Arabia to the unemployment queue in Egypt, which reached the end of 2012 about 12% of the labor force, compared with 8.9% in 2011.
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