Built to inform

Sign up for the daily newsletters

No, Thank you

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".




Most popular


Construction industry conversations around digitisation must evolve
The Middle East construction industry’s approach to tech must evolve and focus on how can


CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 754
Nov 23, 2019