Saudi Stalled Projects Expected to Decline 10% by Year-End

Thursday, 6th July 2017
The Saudi Ministry of Environment, Water and Agriculture is seeking to cut stalled projects to less than 10% by the end of 2017, Al-Eqtisadiah newspaper quoted the ministry’s undersecretary Mohammed Al-Mukli as saying.
Stalled projects were reduced to 28% at the end of May compared to 80% last year, Al-Mukli adds.
Most projects were halted due to government delays in paying small contractors’ dues, in addition to a decline in achievement rates on lack of liquidity.

Share your thoughts

Please Enter This Code: