somebozo
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I truely hope those people get their hard earned wages but i wouldnt bet on Saudi generosity to pay them. Many saudis firms have gone bankrupt due to the financial crisis
Correction..many Saudi firms engaged in 2 number business have gone bankrupt not due to financial crisis. There is no crisis to talk about. Saudi government is the only G20 economy which still pays in cash to the contractors via direct debit. But many so called "shadow" business had their back broken by iron-fist measures of Saudi government to drive transparency into business..Shadow business take up government project to issue large quantities of visas which they sell illegally to gain profit. The workers arriving on these visas then free lance in the market or work for other companies or even set up their own sub-contracting shops.
The project are then "sub-contracted" illegally to other shadow business often run illegally by shadow workers arriving on other shadow business visas and have no legal presence..all work is paid in cash. No documentary evidence exist of all this activity and in government register the primary contractor is supposedly "working" on site..
Some business with bring workers by selling visas and then offer them to their so-called sub-contractors.
Because Saudi government has raised a huge objection to such cash payments and want to follow the international standard of paying by bonds with bank guarantees. It has created a liquidity crisis for these shadow practices which can no long find cash to pay...and hence the striking and starving workers..this corruption affects all contracting companies in Saudi..with Binladen group being the top tier for such. Less than handful of contracting companies in Saudi Arabia are clean from such shadow practices..many business want to conceal their profit from the tax man..particularly those under foreign investment licenses and they avail these shadow workers by hundreds.