Saudi Arabia Economic Reforms

King Salman of Saudi Arabia approved financial relief measures for retirees, including a SAR500 monthly allowance increase, effective January 1, 2027. This initiative aims to mitigate the impact of upcoming utility tariff adjustments.

Saudi Arabia will implement new electricity and water tariffs starting 1 January 2027. King Salman approved measures to mitigate financial impacts, including a monthly allowance increase for civil service employees and retirees.

Saudi Arabia's government announced a financial support package on October 25, 2026, including a SAR500 increase in monthly allowances for civil service personnel and retirees. The minimum wage for private sector workers will rise to SAR5,000 in six months.