Conciliation Center issues 73,000 agreements in H1 2025    Saudi Arabia identifies key dust storm hotspots    Chief of staff inspects THAAD air defense unit in Jeddah    Saudi Arabia imposes SR2.1 million in anti-concealment fines in Q2 2025    Saudi Arabia tops global tourism revenue growth in Q1 2025    Ministry of Commerce recalls over 2,000 Baseus power banks over fire risk    PIF launches Tasama to boost Saudi business services sector    Saudi minister meets innovators, researchers in London to advance tech-driven economy    Macron condemns US tariffs, urges swift EU countermeasures    Taiwan–US tariff talks enter 'crucial moment,' negotiator says    Israel to present new Gaza withdrawal map in Qatar ceasefire talks    Russia and North Korea blame U.S. military activity for tensions on Korean Peninsula    France's Lady Liberty artwork goes viral as a new Statue of Liberty could be in the works    Abdullah Al-Qaisoom wins silver at Asian Youth and Junior Weightlifting Championship    Aubameyang's future at Al Qadsiah in doubt after cryptic post comparing Saudi League strikers    Theo Hernández: Al Hilal can compete with Europe's best    SFDA approves 'Winrevair' for rare pulmonary hypertension treatment    HONOR returns to Esports World Cup as Official Smartphone Partner for 2025 The renewed commitment will see HONOR elevate mobile esports competition with cutting-edge AI technologies and industry-leading hardware    Michael Madsen, actor of 'Kill Bill' and 'Reservoir Dogs' fame, dead at 67    BTS are back: K-pop band confirm new album and tour    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    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    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.