Heritage Commission registers over 700 new archaeological sites in Saudi Arabia    Heritage Commission registers over 700 new archaeological sites in Saudi Arabia    Saudi Arabia announces its candidacy to ITU Council's membership    Venice activists plan to disrupt Jeff Bezos's wedding    Explosions heard in Tehran as Israel launches a new wave of airstrikes    Riyadh ranks 23, up 60 places, among top 100 emerging startup ecosystems globally    Mobile Festival across Riyadh features Dar wa Emaar's annual Eid Al Adha celebration The mobile festival reinforces the company's commitment to building vibrant communities and enhancing quality of life beyond unit delivery.    Ministry of Hajj suspends 7 Umrah companies over transport violations    Expo 2030 Riyadh registration dossier receives final BIE approval in Paris    Trump abruptly leaves G7 Summit as Israel-Iran conflict intensifies    Iran launches fresh missile attack on Israel as conflict enters fifth day    California doctor to plead guilty to supplying Matthew Perry with ketamine    Culture Ministry to present second edition of 'Terhal' performance in Diriyah this August    Smart applications transform visitor experience and accelerate digital transformation in Saudi tourism    Saudi Arabia beat Haiti 1-0 to open 2025 Gold Cup campaign    Saudi Arabia miss World Cup spot after Australia defeat, head to Asian playoff    Al Hilal president: No new signings for Club World Cup due to inflated demands    New York Gallery showcases AlUla Heritage sketches by French architect Heim    Saudi Arabia face uphill task against Australia in World Cup qualifier    Cowboy Beyoncé dazzles nearly sold-out stadium    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



World Cup builders draw up plans to exit Qatar
Published in Alriyadh on 03 - 07 - 2017

Major firms delivering stadiums for the Qatar 2022 World Cup are drawing up contingency plans to leave the country if the diplomatic standoff with its neighbors is not resolved, according to the British Telegraph newspaper.
Senior industry sources said several multinational building firms are working on leaving or downsizing their plans in Qatar, as ongoing trade sanctions threaten to derail the country's £160 billion World Cup-related building program. These include eight stadiums, a new metro system for Doha and 60,000 hotel rooms.
British and American firms are playing leading roles on World Cup stadium projects. A source at a World Cup supplier warned fresh sanctions could shift the dial in favor of the companies leaving.
"We have a team working on contingency planning," the source said. "Should further sanctions come in, companies will have to reassess their investment and their presence in Qatar. If the risk profile changes we would take evasive action to protect our investments and our people."
Another World Cup supplier said it viewed the row as a "difference of principles that is unlikely to go away for months, maybe a year."
The current trade and travel blockades have already paused or stopped smaller building projects in Qatar, as contractors struggle to source the materials and labor they need.
Around 40 percent of Qatar's building materials previously came in over its land border with Saudi Arabia. It is estimated Qatar needs 36,000 migrant laborers working on stadium projects alone this year and the next.


Clic here to read the story from its source.