Wednesday, 2 December 2015

Construction consultancy Sweett Group to pull out of the Middle East | The National

Construction consultancy Sweett Group to pull out of the Middle East | The National:

"The construction consultancy Sweett Group has announced that it is pulling out of the Middle East market after admitting to a bribery offence that was committed in the region.

The company, which employs 90 staff at offices in Dubai, Abu Dhabi, Muscat and Riyadh, said in a statement to the London Stock Exchange that it “has decided to exit the region and is reviewing its options”. It did not indicate whether this would be by way of a sale of the business or its closure, stating only that it would “provide a further update in due course”.

It blamed challenging trading conditions and a falling order book for the withdrawal."



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