Jobin George Thomas is one among the 10,000 Indian workers who have been stranded in the city since Saudi Oger Limited, a construction firm, stopped paying them their salaries. In the last week of July, it also stopped providing meals for its workers situated across five different camps due to a falling out over the catering company over non-payment.
According to the International Monetary Fund, oil-exporting countries in the Middle East have lost $390 billion in revenue due to a dip in oil prices since 2015. The IMF estimates that this amount would be as high as $500 billion by the end of the year. IMF Director for Middle East and Central Asia Masood Ahmed, said these losses translate into budget deficits and slower economic growth, particularly for countries such as Saudi Arabia that are still heavily dependent on oil to finance their spending. Struggling companies, such as Saudi Oger, have postponed the payment of salaries, hoping to ride out the economic slump.
The company’s workers, both blue and white-collar ones, hope that the company recovers from the financial crisis and pays them. However, ceasing the supply of food for workers in the different camps has abjectly worsened the situation.