Graft seen in Saudi railway deals
Riyadh, March 14, 2013
Saudi Arabia's National Anti-Corruption Commission (Nazaha) has detected corrupt practices in relation to three Saudi Railways Organization contracts worth more than 500 million riyals ($133 million), said a report.
Nazaha has been referred the case to the Saudi Control and Investigation Board for further investigation, an Arab News report said citing local newspaper.
The contracts involved safety systems for the railway network, which are yet to been installed. The delay has led to a number of accidents during the past few years, the report said.
Hamad Abdel Qader, deputy chief of operations at the Saudi Railways Organization, was quoted by the report as saying his organization will respond to Nazaha soon.
More Construction & Real Estate Stories
- Damac launches luxury apartments at Expo site
- Kuwaitis top GCC property buyers in Oman
- Rubber World to showcase at Big 5 Saudi
- Tool to help create effective property listings
- 'Smart' move by Dubai Design District
- Drake unit wins $13m contract in India
- Solar-powered cleaning boats launched in Sharjah
- $27m Expo Hotel Sharjah deal signed
- Arabtec unit wins $282m Emaar contract
- Abu Dhabi to host pool & spa expo
- ADCM unit secures $213m bridging loan
- Cluttons Dubai launches new luxury apartments
- Dubai developer Damac profits triple to $641m
- Dubai to start work on $544m water canal
- Dubai property market can absorb 25,000 units
- Jones Lang LaSalle renamed 'JLL'
- Aldar raises synergy estimate from Sorouh merger
- UAE industrial property sector keeps up growth
- Dubai residential property prices up 26pc
- Majid Al Futtaim to build new mall in Dubai IMPZ
- 300 firms to take part in Dubai property forum
- Naseej inks deal to develop Bahrain projects
- Dadabhai unveils new residential project
- Flowcrete completes Dubai Mall project
- Global asphalt demand hits new high
- $1.3bn infrastructure investment firm set up in Saudi
- Manara sees big project villa success
- Global giants eye RAK utility projects
- Cayan partners with international artist Zsuzsanna
- Samsung, Hyundai win $1.7bn Iraq deals