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Thursday, 22 September 2016

Saudi builder Binladin says government started to pay dues: paper | Reuters

Saudi builder Binladin says government started to pay dues: paper | Reuters:

"The Saudi finance ministry has resumed payments to Saudi Binladin Group (SBG), the kingdom's biggest construction firm, for its work on government projects, Saudi Okaz newspaper reported on Thursday, citing an adviser to the chairman.

SBG was hard hit last year as low oil prices forced the government - its chief customer - to cancel or suspend projects and delay payments.

It was then barred from receiving new state contracts after one of its cranes toppled into Mecca's Grand Mosque during a storm, killing 107 people, though that ban has now been lifted."



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