Job offered in Riyadh - a few questions
Afternoon all, Just been offered a job as project manager out in Riyadh on a new hospital project. Initial 2 year contract.
Couple of naging questions if you dont mind. I will be paid monthly in local currency, what is the exchange rate and cost of transferring money back to the UK? And what is the best way to go about this. I have heard stories of poor rates and costly transfers. Any help on this appreciated. what is the going rate for an Electrical project manager per month to check against what I have been offered. I am sure I have a hundred more questions but that will do for now. Thanks in advance Al |
Re: Job offered in Riyadh - a few questions
Originally Posted by homersthirdnipple
(Post 9708107)
Afternoon all, Just been offered a job as project manager out in Riyadh on a new hospital project. Initial 2 year contract.
Couple of naging questions if you dont mind. I will be paid monthly in local currency, what is the exchange rate and cost of transferring money back to the UK? And what is the best way to go about this. I have heard stories of poor rates and costly transfers. Any help on this appreciated. what is the going rate for an Electrical project manager per month to check against what I have been offered. I am sure I have a hundred more questions but that will do for now. Thanks in advance Al Post the basic specifics of the deal including benefits and you'll get a response that should help you out mate . |
Re: Job offered in Riyadh - a few questions
26k sar per month, accommodation, fully expensed car, health care, 30 days hol, 2 return flights per year, single status.
|
Re: Job offered in Riyadh - a few questions
Originally Posted by homersthirdnipple
(Post 9708107)
Afternoon all, Just been offered a job as project manager out in Riyadh on a new hospital project. Initial 2 year contract.
Couple of naging questions if you dont mind. I will be paid monthly in local currency, what is the exchange rate and cost of transferring money back to the UK? And what is the best way to go about this. I have heard stories of poor rates and costly transfers. Any help on this appreciated. what is the going rate for an Electrical project manager per month to check against what I have been offered. I am sure I have a hundred more questions but that will do for now. Thanks in advance Al Lots of threads in this forum discussing transferring funds back to the UK |
Re: Job offered in Riyadh - a few questions
Contractor or consultant/client side.
If latter this is probably low but depends on experience. Also if Contractor will you be expected to work 6 day week. Are you aware of any End of Service benefit offered and Saudi labour law on this point? |
Re: Job offered in Riyadh - a few questions
Originally Posted by saudiflares
(Post 9708185)
Contractor or consultant/client side.
If latter this is probably low but depends on experience. Also if Contractor will you be expected to work 6 day week. Are you aware of any End of Service benefit offered and Saudi labour law on this point? |
Re: Job offered in Riyadh - a few questions
Should be quite interesting work...if a little frustrating at times.
The three big contractors are El Seif, Saudi Oger and BinLadin. All have a certain amount of western management staff. Good luck. |
Re: Job offered in Riyadh - a few questions
Originally Posted by saudiflares
(Post 9708213)
Should be quite interesting work...if a little frustrating at times.
The three big contractors are El Seif, Saudi Oger and BinLadin. All have a certain amount of western management staff. Good luck. |
Re: Job offered in Riyadh - a few questions
Originally Posted by homersthirdnipple
(Post 9708112)
26k sar per month, accommodation, fully expensed car, health care, 30 days hol, 2 return flights per year, single status.
There's a lot better out there but that can be said for almost anything . I would be looking for more because it's a pure shit hole . |
Re: Job offered in Riyadh - a few questions
Originally Posted by co durham boy
(Post 9708259)
It's a pretty basic deal , obviously you'll save most of that , if it works for you then go for it mate .
There's a lot better out there but that can be said for almost anything . I would be looking for more because it's a pure shit hole . Thanks for the feedback |
Re: Job offered in Riyadh - a few questions
Hi Homer
Been reading this with interest. I have worked in Riyadh on contracts in 2010-2011. This was at a bank though. The accomodation does not come out of the SAR 26k per month right? Also the full car allowance is excluding the SAR 26k. If that is correct, this salary is good. You will not spend more than SAR 1,000 per week at the very most. Rent is by far the heaviest expense for expats in Riyadh. So - SAR 22k in pure savings = nearly USD 6,000 per month despite living well. A sweet deal. One thing I would suggest is to set up a USD bank account. The SAR/USD conversion is fixed - so you eliminate any currency risk apart from the highly liquid GBP/USD exchnage rate. |
Re: Job offered in Riyadh - a few questions
Originally Posted by homersthirdnipple
(Post 9708276)
I have tried for better but lack of proffessional qualifications hold me back so I think this is the level. It will pay off some shite back home anyway and beats paying a third of my wages out in tax an NI.
Thanks for the feedback Good luck ;) |
Re: Job offered in Riyadh - a few questions
Originally Posted by Southlondoner
(Post 9708297)
Hi Homer
Been reading this with interest. I have worked in Riyadh on contracts in 2010-2011. This was at a bank though. The accomodation does not come out of the SAR 26k per month right? Also the full car allowance is excluding the SAR 26k. If that is correct, this salary is good. You will not spend more than SAR 1,000 per week at the very most. Rent is by far the heaviest expense for expats in Riyadh. So - SAR 22k in pure savings = nearly USD 6,000 per month despite living well. A sweet deal. One thing I would suggest is to set up a USD bank account. The SAR/USD conversion is fixed - so you eliminate any currency risk apart from the highly liquid GBP/USD exchnage rate. |
Re: Job offered in Riyadh - a few questions
Originally Posted by co durham boy
(Post 9708323)
Don't let the so called professional qualifications put you off mate . There's more tosspots plying their trade in this part of the world with letters next to their name than anywhere on the planet .
Good luck ;) |
Re: Job offered in Riyadh - a few questions
Originally Posted by homersthirdnipple
(Post 9708372)
I have a mate who is a Director of Hill International and he could not get me a better deal because of the fact that they are a consultancy and can only get visas for people with hnd,s etc but a contractor can get visas for the ''likes of me'' Will blow the educated out of the water anyway!!!
Not that many westerners on the project staff, and mostly arabic speaking French. 1000SAR a week will cover eating out every night, phone, net and petrol, which is 0.6SAR a litre or 10p... You should be able to get your salary paid into a UK/offshore account, take one month's salary as cash and send the rest out of the country, should keep you going locally for a while :) |
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