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Omani contractors hurt by minimum wage increase
- Oman: Wednesday, February 06 - 2013 at 05:47
The Oman Society of Contractors (OSC) has called the government to reimburse additional cost arising from a recent mandatory rise in minimum wage of Omani workers with effect from July, Times of Oman has reported. "The contractors are asking to protect them from any financial damage," said OSC chairman, Dr P Mohammed Ali. The demand is for meeting the cost escalation of ongoing projects, which were initially estimated on the basis of the existing minimum wage of Omani workers at OR220, which has now been raised by OR105 to OR325. "Any additional cost, which is arising from this decision, has to be reimbursed by the government or by the clients who have awarded the contract," said Dr Ali. Currently, there are around 18,000 active contracting firms registered with the country's Tender Board, he noted.
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