IndiansinKuwait.com - India Kuwait News and updates

IndiansinKuwait.coom

Experts Warn Against total dependence on Expat Workers

Thursday, April 23, 2015

Some experts have warned against total dependence on expatriate workers, pointing out that the petroleum boom in previous years led to a remarkable increase in the number of foreign workers including the marginal or unskilled ones such that the ratio between the expatriate population and oil production is 1:1 — one expatriate for every barrel of oil, Arab Times daily reported citing Al-Qabas Arabic News paper.

The experts went on to elaborate that if Kuwait produces 2.7 million barrels per day, the number of expatriates is also 2.7 million.

They asserted this is true not only in Kuwait but also in the Kingdom of Saudi Arabia which is home to about 10 million foreigners. They added entire Gulf region produces 17 million barrels per day while the population of expatriates in the region is estimated at 17 million.

The experts pointed out that if the price of oil goes up, the expenditures, economic activities and number of workers will also increase; but if the oil price drops, the economic activities will decrease considering the economy relies only on one source of income. They asserted this equation spells disaster particularly since the remittances of foreign workers to their home countries are estimated at millions of dinars.


  IndiansinKuwait.com is now on WhatsApp Channel    Follow Channel


📣 IndiansinKuwait.com is now on Telegram. Click here to join our channel (@IIK_News) and stay updated with the latest headlines

Read this article online at

Express your comment on this article

Submit your comments...
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

Community News

 
KCICAI hosts event on “Importance of Healthy Sleep Habits”

The Kuwait Chapter of The Institute of Chartered Accountants of India (KCICAI) recently organized a thought-provoking event ...

IDAK Inaugurates Scientific Activities with Study Club

The Indian Dentists Alliance in Kuwait (IDAK) commenced its scientific endeavors for the term with the first study club ti...

IBPC Honors Academic Excellence at Meritorious Awards Ceremony

The Indian Business and Professional Council (IBPC Kuwait) held its esteemed 'Meritorious Awards' function at the SIMS sch...

Remembrance meeting organized in memory of Raju Zakharia

Thanima Kuwait organized a memorial meeting with the memory of the late Raju Zacharias, who was a hardcore member of Thani...

Nandhanam Kuwait Hosts

Nandhanam Kuwait Hosts "Rangapravesham 2024" Showcasing Rich Indian Cultural Heritage Nandhanam Kuwait presented "Rangapr...

go top