Contractors hit hard by Saudi raids
Riyadh, November 11, 2013
The labour raids targeted agains illegal expatriates in the kingdom have phased out 100,000 of the 200,000 contracting firms registered with the country’s chambers of commerce, a report said.
The contracting sector is facing enormous challenges since projects worth SR3 trillion are expected to be completed by 2020, said the Arab News report.
Meanwhile, Raid Al-Oqaili, vice chairman of the contractors and ready-mix concrete committee at the Jeddah Chamber of Commerce and Industry (JCCI), stressed the need to train young Saudis and help enhance productivity standards.
Young Saudis are reluctant to work in this sector, notably in technical roles, due to the difficult working conditions and have instead opted to work in support areas and undertake administrative and menial tasks, he said.
More Construction & Real Estate Stories
- Damac launches luxury apartments at Expo site
- Kuwaitis top GCC property buyers in Oman
- Rubber World to showcase at Big 5 Saudi
- Tool to help create effective property listings
- 'Smart' move by Dubai Design District
- Drake unit wins $13m contract in India
- Solar-powered cleaning boats launched in Sharjah
- $27m Expo Hotel Sharjah deal signed
- Arabtec unit wins $282m Emaar contract
- Abu Dhabi to host pool & spa expo
- ADCM unit secures $213m bridging loan
- Cluttons Dubai launches new luxury apartments
- Dubai developer Damac profits triple to $641m
- Dubai to start work on $544m water canal
- Dubai property market can absorb 25,000 units
- Jones Lang LaSalle renamed 'JLL'
- Aldar raises synergy estimate from Sorouh merger
- UAE industrial property sector keeps up growth
- Dubai residential property prices up 26pc
- Majid Al Futtaim to build new mall in Dubai IMPZ
- 300 firms to take part in Dubai property forum
- Naseej inks deal to develop Bahrain projects
- Dadabhai unveils new residential project
- Flowcrete completes Dubai Mall project
- Global asphalt demand hits new high
- $1.3bn infrastructure investment firm set up in Saudi
- Manara sees big project villa success
- Global giants eye RAK utility projects
- Cayan partners with international artist Zsuzsanna
- Samsung, Hyundai win $1.7bn Iraq deals