The construction company can be formed by a meager capital base of Qar. 200,000/- and they are allowed to hire hundreds of workers, with no own funding capacity. There is a need to increase this base capital law to a substantial level for the contracting companies. They should also be asked to make reserves from their monthly cash inflows for workers compensations. All businesses in Qatar are facing long standing issue of delayed payments on their credits, that needs to be regulated by a Credit Control Authority, who could adopt several measures to fix up this problem in a timely manner.
The construction company can be formed by a meager capital base of Qar. 200,000/- and they are allowed to hire hundreds of workers, with no own funding capacity. There is a need to increase this base capital law to a substantial level for the contracting companies. They should also be asked to make reserves from their monthly cash inflows for workers compensations. All businesses in Qatar are facing long standing issue of delayed payments on their credits, that needs to be regulated by a Credit Control Authority, who could adopt several measures to fix up this problem in a timely manner.