15 Construction Companies Will Soon Declare Bankruptcy

The construction sector is facing several problems, mainly weak credit, fewer projects and failure in completing vital projects, which have in turn led to major losses for some projects. These problems have led to entrusting these projects to big foreign companies, reports Al-Shahed daily quoting sources.

They explained that 15 companies will soon declare bankruptcy due to lack or scarcity of liquidity and inability to meet their financial commitments for completing the suspended projects for more than three years.

 

SOURCE : ARABTIMES

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