Expat exodus in Gulf states could continue into 2023: S&P report

clock • 1 min read

S&P has published a report showing that the populations of the Gulf states declined by an average of 4% in 2020. The report said the principle causes were the pademic and persistently low oil prices, both of which prompted many expat workers to return to their home countries. In addition many countries have made efforts to "nationalise" their workforce, prioritising jobs for their own citizens and reducing their reliance on expar workers. The rapid depopulation through 2020 means populations across the GCC are unlikely to return to 2019 levels 2023, the S&P report found. In Oman, t...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?


Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.