Corruption in Saudi Arabia

in Business Risk

The cost of corruption in Saudi Arabia is estimated to cost the Kingdom up to $14.6 Billion (55 Billion Saudi Riyal) a year. In an example of the type of graft occurring in Saudi Arabia, one employee of the Education Department reportedly embezzled nearly $40 Million (150 Million Riyal) in government funds.

Across the entire Arab region, the effects of corruption is estimated to cost states $350 Billion.

:  “Corruption costs state SR55 billion a year,” Saudi Gazette, January 2, 2014.

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