Troubled projects estimated at 40% in Saudi Arabia
The Saudi National Council for Contractors has estimated the percentage of troubled projects in Saudi Arabia at 40%, attributing the high percentage to the withdrawal of loss-making contractors from the projects and to lower appetite from banks to lend to the sector, according to an Argaam article, citing an article on Middle East newspaper. There are plans to establish a fund to finance the sector, to help accelerate the execution of the projects. (Argaam)
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