ENERGY INDEPENDENCE: Saudi Economic Woes Leave Indian, Pakistani Workers Stranded.
Building projects have fallen off dramatically along with the drop in oil revenue. Construction contracts shrank by about 50 percent in the first quarter from the same period a year earlier, according to data published by Jeddah-based National Commercial Bank. The government didn’t award any contracts during the first quarter in 2016 or the fourth quarter of last year, the bank said.
More than 4,050 workers from Saudi Oger, a Riyadh-based construction and management company, are stranded, according to the Indian Foreign Ministry. The Indian Embassy is providing food to workers in 20 camps in Riyadh, Jeddah and Dammam, the ministry said.
If this keeps up, someday maybe even Saudi nationals will have to find honest work.