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Exclusive: SBG confirms sanctions will be lifted

A spokesperson for Saudi BinLadin Group told Construction Week the restoration of the company's classification and lifting of the travel ban have been enacted "based on the Saudi government's decision"

A spokesperson for SBG said sanctions levied on the company have been lifted.
A spokesperson for SBG said sanctions levied on the company have been lifted.

A spokesperson for Saudi BinLadin Group has confirmed sanctions levied on the contractor are to be lifted. 

Construction Week had requested Yaseen Alattas, chief communications officer at BinLadin Holding Co, to verify the accuracy of media reports stating sanctions and travel bans implemented on the firm last year will soon be removed.

In an emailed statement, Alattas responded affirmatively to the query, adding the group's classification rating will also be restored.

When requested to mention the authorities SBG has worked with through the process, Alattas said: "The restoration of the group’s classification and lifting of travel ban have been enacted based on the Saudi government's decision, and hence, it is a matter for the government to comment upon." 

SBG was reported by Reuters to have been suspended from bidding and handed travel bans in the aftermath of last year's Makkah Grand Mosque crane collapse.

Alattas also said the contractor's works on the King Abdulaziz International Airport project have been progressing as scheduled. 

"The General Authority of Civil Aviation (GACA) has already confirmed that the work [for] King Abdulaziz project did not stop, and that [it] is continuing until today," he continued.

"This is according to the statement made by GACA spokesperson Mr. Abdullah Al-Khareef who elaborated further that the project is largely done."

Saudi's al-Watan Online had previously reported an SBG source revealing that a number of round-the-clock meetings had taken place to restructure the project sectors under the contractor's portfolio.

Following the meetings, the source reported a "sense of great relief among top company stakeholders".

 

 

 

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Construction Week - Issue 741
May 11, 2019