Small firms struggle to stay afloat

Small firms struggle to stay afloat
Updated 08 November 2013

Small firms struggle to stay afloat

Small firms struggle to stay afloat

Forty percent of small construction firms in the Kingdom have stopped operating because thousands of expatriate workers were not able to rectify their status during the amnesty period.
The figures were released recently by Fahd Al-Hamadi, head of the national committee for construction at the Council of Saudi Chambers (CSC). “The seven-month time frame allocated for the correction process was not enough to rectify 20 years of errors,” said Al-Hamadi.
He said small firms find it extremely difficult to hire workers from outside, change their professions, or recruit from other construction companies. Larger firms recruit workers easily, he said.
Khalaf Al-Otaibi, president of the World Federation of Trade, Industry and Economics in the Middle East, said recently: “Forty percent of subcontracting small-scale construction businesses have stopped operating since the beginning of the inspection raids.”
Al-Otaibi said small and medium enterprises represent 75 percent of the entire construction industry in Saudi Arabia.


Saudi Arabia announces 5 more COVID-19 deaths

Saudi Arabia announces 5 more COVID-19 deaths
Updated 16 January 2021

Saudi Arabia announces 5 more COVID-19 deaths

Saudi Arabia announces 5 more COVID-19 deaths
  • The total number of recoveries in the Kingdom has increased to 356,541
  • A total of 6,318 people have succumbed to the virus in the Kingdom so far

LONDON: Saudi Arabia announced 5 deaths from COVID-19 and 140 new infections on Saturday.
Of the new cases, 58 were recorded in Riyadh, 28 in Makkah, 26 in the Eastern Province, 9 in Asir, 6 in Madinah, 2 in Najran and 1 in Jazan.
The total number of recoveries in the Kingdom increased to 356,541 after 159 more patients recovered from the virus.
A total of 6,318 people have succumbed to the virus in the Kingdom so far.