Built to inform

Sign up for the daily newsletters

No, Thank you

Saudi Arabia's Bakr Bin Laden reportedly released from detention

Chairman of Saudi Binladin Group temporarily released to attend to family affairs, Reuters reports

Bakr Bin Laden is said to have been released from detention.
CW Archives
Bakr Bin Laden is said to have been released from detention.

The chairman of construction heavyweight Saudi Binladin Group, Bakr Bin Laden, has been temporarily released from detention, according to three sources who spoke anonymously to Reuters.

He was said to have been released after nearly 15 months in detention to attend a relative’s funeral in Jeddah.

The news agency reiterated that no charges have yet been publicised against Bin Laden, one of the figures arrested in November 2017 as part of an anti-corruption drive in the kingdom.

Saudi Binladin Group is one of the largest construction companies in Saudi Arabia and is involved in some of the country’s most important schemes.

These include palaces for the $500bn (SAR1.9tn) Neom gigaproject, the expansion of the Holy Mosque in Makkah, and King Abdullah Economic City.

While the contractor is an integral player in the kingdom, it has faced problems in recent years. Reuters said in 2018 that restructuring activity at Saudi Binladin Group would lead to hundreds of job cuts and a potential name change. A supervisory committee had also reportedly been created to guide the company back to profitable growth.

Most popular

Awards

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

Conferences

HKA: Volume of construction disputes to stay consistent in 2019
EXCLUSIVE: Consultancy’s Michael McSorley talks about methods to avoid and ‘speedily resolve’ construction disputes
Construction industry conversations around digitisation must evolve
The Middle East construction industry’s approach to tech must evolve and focus on how can

Latest Issue

Construction Week - Issue 751
Oct 13, 2019