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

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

Menna A. Farouk 368 Posts

Menna A. Farouk is a Cairo-based reporter. She has contributed to several international news organizations, including Deutsche Welle, Al-Monitor and Global Voices.

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