HOME TRADE NEWS  BUSINESS DIRECTORY THE GULF   ADVERTISE CONTACT US  
Middle East & GCC Business Information and Trade News Portal
Market Trends
 
 
Business Directory
  Search Directory
  Company Name
  Business Activity
 
 
 
   
News Categories
 

 

Results By

   
  Agriculture & Farming
Banking & Finance
Building & Construction
Capital Market
Defence & Security
Economy
Education, HR & Training
Energy, Oil & Gas
Environment & Water
Food & Catering
Government & Laws
Health
Industry
Interiors
IT & Telecommunications
Media & Promotions
Motoring
Property & Real Estate
Retail & Wholesale
Shipping & Transport
Tourism, Travel & Leisure
International News
Int. Business News
   
Tools
Country Briefings
Currency Conversion
Events
Calendar Of Events
Leisure, Lifestyle & Entertainment
 

 
DinoDirect.com is an online China Wholesale website providing China Pruduct such as Wedding Dresses, Green Laser Pen, Kitchen Faucets, Security Systems, Spy Cameras, Bluetooth Headset, MP3 Player, Laser Pointer, Alibaba Wholesale from certified Chinese wholesalers and wholesale factories.
 
DHgate is a china wholesale marketplace for: wholesale cell phones, wholesale electronics, wholesale wedding dresses, wholesale apparel, wholesale cell phone cases, wholesale clothing, wholesale cell phone accessories,
and dropship
   
 

Sinohotel.com offers 
china hotel
 booking for 
hotels beijing
, hotels shanghai,hotels 
guangzhou
, hotels guilin,hotels xian,
hotels tianjin
, and highlights  beijing tour,
xian tour
, guilin tour, shanghai tour
shanghai expo tours
.

   
 
TradeBoss.com B2B Marketplace
B2B Marketplace with a comprehenshive Company Directory, Product Showroom and Trade Leads Portal. Dealing with Middle East? Access Middle East Business Portal.
   
 
   
 
   
Business and Trade News - BUILDING & CONSTRUCTION
 
  NEWS > BUILDING & CONSTRUCTION 
 
Search for: Results per page:

Match: any search words all search words
 

Construction crisis blamed for workers’ hardship
Manama: 
 

Several workers were denied holidays and the visas of several others have not been renewed due to a crisis in the construction industry, said the CEO of a top construction firm in Bahrain.

Zuhair Awachi, chief executive officer of Habib Ali Awachi and Sons Company, blamed global financial turmoil, delays in payments from clients - including the government - and a tax on expat workers for crippling the construction industry.

But he claimed the company was now in the process of cancelling the visas of its workforce and sending them back home.

'We are aware that visas of some of our workers have not been renewed,' he said.

'And we also know that many have applied for annual leave, but their applications have been rejected,” he added.

'We are cancelling their visas and sending them back to their countries. We have already sent 28 last month and 10 at the beginning of this month.”

'The reason is that we didn't get BD800,000 ($2.12 million) from one of the ministries and, on top of that, we have to spend a lot of money on expat workers when we bring them to Bahrain to work for us,” Awachi continued.

'We are spending a lot of money on their training, and Labour Market Regularity Authority (LMRA) and General Organisation for Social Insurance (Gosi) fees.

'The LMRA knows our situation very well; we are suffering as a construction company and due to budget problems. We haven't received payment from ministries for several months and we have an official letter from them asking us to bear with them.”

'We, as a local company, can only wait and try to finish the work on time - but foreign companies abandon the work and leave the country.”

Awachi said the company had already flown home hundreds of workers in the past six months, and said 100 more were due to leave within two months.

'We have 800 expats and 250 Bahrainis working for us and we increased the basic salary for each employee last year,' he added.

'Our company is located on the road - it's not hidden and everybody knows about it. The problem is that we can't satisfy all our workers and, unfortunately, we have to send them back.”

'We are now processing their documents and finalising their settlements so that they can leave for good and forever,” he said.

'Everybody knows that liquidity in the market is very low and, for us, it was really a bad season. In the last six months, 240 workers left Bahrain and we are looking for more idle manpower to be sent back.'

Awachi revealed that family funds were being pumped into the company, but said he hoped for a quick recovery from the crisis.

'We have high hopes that Bahrain will recover soon and all the sectors, not only construction, will boom again,' Awachi concluded. – TradeArabia News Service


 
 

Related Showrooms
 
 

Qanbar Dywidag Precast Concrete Company

Gulf Construction Magazine (Arabic )

Doka- The Formwork Experts

STONE Steinveredelung GmbH

Dizayn Group
 

PAGES   1 | 2 | 3 | 4 | 5 

SEARCH ARCHIVES

   
 
 
 

 

Today's Poll

Several economic indicators such as jobs, housing and "September Effect" are warning investors to be cautious. Is another market crash coming?
Yes
Somehow
No
Don't know

View other Polls

 

 
 

Advertising | Contact | Feedback | Privacy Statement | Terms of Service | Web Feeds
Copyright (c) 2010, Al Hilal Publishing & Marketing Group