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CAIRO - 7 July 2017: Most of foreign companies in Qatar have defined strict conditions such as big insurances on governmental projects to guarantee their existence in the Qatari market amid political developments, Qatari opponent Khalid Al Hail said on Friday.
Al Hail wrote on his official Twitter account that foreign companies threatened to withdraw their equipment and employees due to difficulties in land transportation via border crossings and high cost of other transportation means.
“Most of construction equipment was transported by land. Moreover, Qatari government was already in arrears of the required payments to these companies before the Arab-Qatari crisis, leading to a lack of confidence,” Al Hail added.
He indicated that the foreign companies increased the demand ceiling to include more insurance values and banking guarantees to cover the total value of all ongoing projects including insurance coverage of equipment, employees’ rights and facilities.
“Foreign companies located in Qatar insisted on adding a legal article to the insurance policy so as to include protecting them from the current crisis, otherwise they will sue Qatar in international courts,” Al Hail stressed.