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Artikel

7 Aug 2016

Autor:
Hossam Abougabal, MEED (UAE)

Supporting Saudi contractors should be a priority

As cash flow issues relating to government projects continue to slowdown Saudi Arabia’s construction sector, many contractors are being put under immense pressure. Payment delays and stalled government projects off the back of a decline in oil prices have severely impacted the entire industry...which has resulted in the laying off of thousands of employees...Saudi Binladin Group (SBG) and Saudi Oger are among the hardest hit by the current cash flow problem. SBG has laid off approximately 70,000 of its 200,000 workers...Oger has let go up to 30,000 employees.

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