Published: Jun 26, 2014
Source: Emirates 24|7

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GCC contractors reel under tough competition

Private sector chief says there is need for a federation of GCC contractors

Gulf contracting firms are suffering from strong competition from the much larger and technologically advanced foreign firms and this should prompt them to unite, the head of the region’s private sector said on Thursday.

Abdul Rahim Naqi, secretary general of the Saudi-based federation of the GCC chambers of commerce and industry (FGCCI), said a contractors’ federation would serve their interests and help them face challenges and problems which are putting strong pressure on their profits. Read more>>>

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