2023-06-18 15:22:44
Al-Marsad Newspaper: Ibrahim Al-Nuwaibet, CEO of Earning Money Company, explained the concept of the shadow economy, and why the Kingdom and countries seek to limit its growth?
Al-Nuwaibet warned, in an intervention on Al-Ikhbariya channel, of the danger of the shadow economy, indicating that it has reached 15%, and in it revenues and returns are obtained that exist within the land of Saudi Arabia, and this entity has no appearance, in other words it is “covering up”. “.
Al-Nuwaibet stressed that the shadow economy and its presence reduces employment, and makes there are crimes and irregular operations, indicating that the importance of reducing the shadow economy is in contributing to the existence of more medium and small enterprises, the availability of a number of jobs, clarity in financial studies for legislators and decision makers, and entry into the sector. Private significantly in development in Saudi Arabia.
He pointed out that when the growth of the shadow economy is curbed, the simple citizen who is looking for a job will find there a number of companies that started their activity and there was a fertile environment to enter into the activity and find a job opportunity.
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