Friday 2 December 2016
 
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Saudi Arabia makes $10.6bn payment to contractors

Saudi Arabia has made payments totalling SR40 billion ($10.6 billion) it owed to private companies within the last two weeks, after Deputy Crown Prince Mohammed bin Salman, chairman of the Council for Economic and Development Affairs, announced

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Saudi payments to contractors will increase soon, says minister

The payments to contractors working on mega projects in Saudi Arabia have been regularised and will rise in the coming period, said a report citing the kingdom's finance minister. Ibrahim Al Assaf pointed out that delays in st

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Oman mulls classification of contractors

Plans are afoot to classify contractors in Oman in bid to open up opportunities for the whole segment of the contracting community and to create a level playing field, said a report. The proposal has been submitted by the Oman Soc

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Contractors' bank urged to fund projects in Saudi Arabia

Some Saudi contractors have suggested the creation of a contractors' bank to support and finance projects in the kingdom, following a downturn in the construction sector. Fahd Alhamedi, head of the contractors committee at the

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Saudi Arabia 'mulls bond-like tools to pay contractors'

Saudi Arabia is considering using IOUs (I-owe-you) model to pay outstanding bills with contractors and conserve cash, said a report, citing key sources. As payment from the state, contractors would receive bond-like instruments wh

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Saudi Arabia 'mulls bond-like tools to pay contractors'

Saudi Arabia is considering using IOUs (I-owe-you) model to pay outstanding bills with contractors and conserve cash, said a report, citing key sources. As payment from the state, contractors would receive bond-like instruments wh

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Manpower management 'key to GCC contractors'

Construction companies that operate in the Middle East face a range of challenges that grow more complex every year. Low oil prices and geopolitical issues have caught them by surprise. To get through this more complex business en

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Dewa hosts key workshop for contractors

Dubai Electricity and Water Authority (Dewa) organised a workshop for contractors and consultants to update them on its new Al Namoos service which has been tailor-made to provide them with electricity connections of up to 150 kilowatts (kW) wit

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Contractors in Bahrain hint at red-tape woes

Many small and medium sized contractors have complained they might be forced to shut-down due to rising material costs, tougher competition from foreign firms and Labour Market Regulatory Authority’s (LMRA) stringent rules and procedures

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Qatar slaps travel ban on contractors amid probe

Qatar has banned some owners of construction companies, contractors and consulting engineers from leaving the country as it carries out a probe into how heavy rains damaged buildings and roadways, said a report. The investigation

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