Mushereib shopkeepers liquidate goods, wonder what’s next
The Gulf Times reports:
Despite electricity to their premises disconnected more than three days ago, many shops in the Mushereib and neighbouring areas of Shahra Kahraba remained open until yesterday evening.
Shopkeepers were seen desperately selling their remaining stocks. Most of them braved hot conditions and preferred to do business from the pavements in front of their shops…
Some of the traders said they had no clue about their future activities.
“At the prevailing levels of rents in the city, it is next to impossible to set up new businesses,” said one of them, who is running a small cloth shop.
He said some of his friends who relocated their outlets to Barwa Village in Wakrah were now ruing their decision owing to lack of business there.
“We cannot afford to burn our fingers unlike some of our friends who seem to have lost considerable sums in the last one year after setting up businesses in Barwa Village,” said an Indian shop owner.
Read the full article here.