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Qatar is the least affected country in the Gulf from the global economic crisis with few private companies having to make job cuts, according to head of the country’s chamber of commerce.

Workers who are leaving the country for good were those that had been working on projects that were now complete, according to the Qatar Chamber of Commerce and Industry (QCCI),

QCCI vice chairman Abdul Aziz Al Emadi told Qatar daily The Peninsula: “I don’t think there is any substance in the talk about private firms retrenching staff due to the global credit crunch.”

Many companies were still contacting the QCCI for assistance regarding recruitment, especially the hiring of foreign workers, he added.

“We are still getting many recruitment-related enquiries from companies, so how can we say that job layoffs are being resorted to by employers,” said Al Emadi.

Qatar has been affected by the global economic downturn with precautionary delays in construction projects, but it was “the least affected country” in the GCC, he added.

“We do have problems from the world recessionary pressure but they are minor when compared to other countries. We are a country which is affected in the least by the global recession,” said Al Emadi.

Projects had not been postponed because companies had run short of cash or were facing problems securing finance. “As I said, they are just waiting and watching the situation,” he said.
ArabianBusiness


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