Salaries by Professions in Saudi Arabia for Expatriates 2024

Salaries by Professions in Saudi Arabia for Expatriates 2024. Saudi Arabia remains a popular destination for expatriates due to its tax-free income and comprehensive benefits packages. In 2024, expatriate salaries in Saudi Arabia are influenced by several factors including industry demand, company size, nationality, and government policies. Here is an overview of salaries across various professions for expatriates in the Kingdom.

Salaries by Professions in Saudi Arabia for Expatriates 2024

Medical Professionals

Surgeons and Doctors: These professionals, especially those in specialized fields, command some of the highest salaries due to the critical nature of their work. Average salaries range from SAR 30,000 to SAR 70,000 per month depending on specialization and experience.

Executive Roles

Chief Executive Officers (CEOs): Executives in large multinational corporations, particularly in finance, oil and gas, and real estate, receive high compensation packages including base salaries, bonuses, and various allowances. Salaries can reach up to SAR 100,000 per month.

Engineering Specialists

Petroleum Engineers: Reflecting the Kingdom’s focus on the oil and gas industry, petroleum engineers can expect salaries ranging from SAR 25,000 to SAR 45,000 per month.
Civil Engineers: With numerous infrastructure projects, civil engineers earn between SAR 18,000 and SAR 35,000 per month.

IT Professionals

IT Managers and System Analysts: With the digital transformation in various sectors, IT professionals are in high demand. Salaries for IT managers can range from SAR 20,000 to SAR 40,000 per month.

Finance Professionals

Banking Managers and Financial Analysts: Senior positions in the banking sector offer competitive salaries, with banking managers earning up to SAR 45,000 per month and financial analysts around SAR 20,000 per month.

Marketing and Sales

Marketing Directors: Responsible for steering a company’s marketing strategies, marketing directors can earn between SAR 25,000 and SAR 50,000 per month.
Sales Managers: Involved in revenue generation, sales managers typically earn between SAR 15,000 and SAR 30,000 per month.

Education

University Professors: Professors, especially those with tenure or in administrative roles, earn competitive salaries, ranging from SAR 18,000 to SAR 30,000 per month.

Hospitality

Hotel Managers: With the booming tourism sector, hotel managers can expect salaries from SAR 15,000 to SAR 30,000 per month.

Construction

Project Managers: Essential to the success of construction projects, project managers earn between SAR 20,000 and SAR 35,000 per month.

Salary Increments and Bonuses

Employees in Saudi Arabia generally observe salary increases of approximately 8% every 17 months. Bonus schemes are also prevalent, with many companies offering performance-based, company performance, and holiday bonuses. About 78% of companies plan to award bonuses in 2024, with the amounts varying based on individual and company performance.

Benefits and Working Conditions

Expatriates in Saudi Arabia often receive comprehensive benefits packages that include housing allowances, health insurance, education allowances for children, and transportation. These benefits significantly enhance the overall compensation and living standards for expats.

Conclusion

Saudi Arabia’s attractive salary packages and benefits, particularly for high-demand professions such as healthcare, engineering, IT, and executive management, continue to draw skilled expatriates. With ongoing economic diversification and mega-projects under the Saudi Vision 2030 initiative, the demand for skilled professionals is expected to remain strong, ensuring competitive salaries and ample job opportunities for expatriates in the Kingdom.