Muscat, March 11 -- Oman will introduce a compulsory savings scheme for expatriate employees starting in 2027, part of a wider set of reforms designed to improve financial security for the country's foreign workforce.

The Social Protection Fund announced that employers will be required to set aside nine per cent of an expat worker's basic salary into a regulated savings programme. The funds accumulated under the scheme will be released to employees once their service in the Sultanate ends.

The programme aims to help expats build a financial reserve during their period of employment in Oman, ensuring workers have access to savings when they complete their contracts or return to their home countries.

Shabeb Al Busaidi, Deputy Executive P...