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Kuwait Report
Marcopolis presents the Kuwait Report focused on the investments, doing business, economy and other topics featuring interviews with Kuwaiti leaders. The sectors under review in this issue are industry, oil and gas sector, investments, banking sector, telecom sector and many more.
VideosJanuary 12, 2021
Challenges to be Faced by the Construction Sector in Kuwait Amidst the COVID-19 Pandemic
- Written by Sandra Francisco
- Published: January 12, 2021
Gazi Al Omani, CEO of Fixed Assets General Trading And Contracting Co. (W.L.L.), a company specialized in precast concrete, talks about the challenges to be faced by the construction sector in Kuwait amidst the COVID-19 pandemic.
"There are only six companies like mine here in Kuwait. Our sector focuses on precast concrete. Right now, you cannot get a license for precast concrete so getting work is easy. Usually, we work on infrastructure, roadwork, government buildings, and seaside blockage. We have a deficit right now in Kuwait with oil going down during COVID-19. That affected us a lot because the country is paying salaries and forgetting about our sector and not paying us, but we still have to work and produce. This means that we have to go to the banks and get loans to cover our expenses. Overall, we are profiting on paper but there is no cashflow. That is the biggest problem", says Gazi Al Omani.
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