{"id":2416,"date":"2016-05-09T14:01:15","date_gmt":"2016-05-09T14:01:15","guid":{"rendered":"http:\/\/minutes.machine.market\/?p=2416"},"modified":"2016-05-09T14:01:15","modified_gmt":"2016-05-09T14:01:15","slug":"construction-saudi-arabia-lifts-project-bidding-ban-on-binladin-group","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/construction-saudi-arabia-lifts-project-bidding-ban-on-binladin-group\/","title":{"rendered":"CONSTRUCTION Saudi Arabia \u2018lifts project bidding ban on Binladin group\u2019"},"content":{"rendered":"<p>Decision influenced by troubled group\u2019s capacity to undertake projects of strategic importance.\u00a0Saudi Arabia has allowed the country\u2019s building and contracting giant, Saudi Binladin Group, to resume bidding for state projects, according to a Reuters report.<\/p>\n<p>A senior Binladin executive, who declined to be named, told the agency that the group has now received a royal decree allowing it to bid for state contracts again. The decision is expected to ease financial pressure on the troubled group and the banks that lend to it.<\/p>\n<p>One of the largest builders in the Middle East, Saudi Binladin Group has struggled since last September, when it was suspended from obtaining new government contracts after <a href=\"http:\/\/meconstructionnews.com\/topics\/mecca-crane-collapse\">a crane collapsed at a construction site at Mecca\u2019s Grand Mosque<\/a>, killing 107 people. A travel ban, imposed on its top managers after the disaster, has also now been lifted, the executive told Reuters.<\/p>\n<p>Among the reasons for lifting the ban is the strategic importance to the Saudi economy of some of the projects Binladin is involved in.<\/p>\n<p>The Saudi-based Al Watan newspaper earlier quoted a spokesman for the civil aviation authority as saying that Binladin would resume work at the multibillion-dollar King Abdulaziz International Airport project in Jeddah.<\/p>\n<p>In addition to the project bidding suspension, Binladin has also been hit hard by government spending cuts and a general slump in construction. The company <a href=\"http:\/\/meconstructionnews.com\/11748\/saudi-binladin-group-layoff-count-hits-77000\">is said to have laid off 77,000 workers<\/a>, with some having staged public protests after allegedly going unpaid for months.<\/p>\n<p>&nbsp;<\/p>\n<div id=\"post-info-wrap\" class=\"left relative\">\n<div class=\"post-info-out\">\n<div class=\"post-info-img left relative\"><img loading=\"lazy\" class=\"avatar avatar-50 photo\" src=\"http:\/\/meconstructionnews.com\/wp-content\/uploads\/2016\/03\/Anirban-Bagchi1-300x300.gif\" alt=\"\" width=\"64\" height=\"64\" \/><\/div>\n<div class=\"post-info-in\">\n<div class=\"post-info-right left relative\">\n<div class=\"post-info-name left relative\"><span class=\"post-info-text\">By<\/span><span class=\"author-name vcard fn\"><a title=\"Posts by Anirban Bagchi\" href=\"http:\/\/meconstructionnews.com\/author\/anirban\" rel=\"author\">Anirban Bagchi<\/a><\/span><i class=\"fa fa-envelope fa-2\"><\/i><\/div>\n<div class=\"post-info-date left relative\"><span class=\"post-info-text\">Posted on<\/span> <span class=\"post-date\"><time class=\"post-date updated\" datetime=\"2016-05-08\">May 8, 2016<\/time><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Decision influenced by troubled group\u2019s capacity to undertake projects of strategic importance.\u00a0Saudi Arabia has allowed the country\u2019s building and contracting giant, Saudi Binladin Group, to resume bidding for state projects, according to a Reuters report. A senior Binladin executive, who declined to be named, told the agency that the group has now received a royal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2417,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[2],"tags":[314],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CONSTRUCTION Saudi Arabia \u2018lifts project bidding ban on Binladin group\u2019 - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/construction-saudi-arabia-lifts-project-bidding-ban-on-binladin-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CONSTRUCTION Saudi Arabia \u2018lifts project bidding ban on Binladin group\u2019 - MachineMarket Blog\" \/>\n<meta property=\"og:description\" content=\"Decision influenced by troubled group\u2019s capacity to undertake projects of strategic importance.\u00a0Saudi Arabia has allowed the country\u2019s building and contracting giant, Saudi Binladin Group, to resume bidding for state projects, according to a Reuters report. A senior Binladin executive, who declined to be named, told the agency that the group has now received a royal [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cranemarket.com\/blog\/construction-saudi-arabia-lifts-project-bidding-ban-on-binladin-group\/\" \/>\n<meta property=\"og:site_name\" content=\"MachineMarket Blog\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-09T14:01:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2016\/05\/binladingroup.gif\" \/>\n\t<meta property=\"og:image:width\" content=\"777\" \/>\n\t<meta property=\"og:image:height\" content=\"466\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/machine.market\/blog\/#organization\",\"name\":\"CraneMarket | Cranes for Sale and Rent\",\"url\":\"https:\/\/machine.market\/blog\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/machine.market\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2019\/03\/crane-market-logo.png\",\"width\":282,\"height\":81,\"caption\":\"CraneMarket | Cranes for Sale and Rent\"},\"image\":{\"@id\":\"https:\/\/machine.market\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/machine.market\/blog\/#website\",\"url\":\"https:\/\/machine.market\/blog\/\",\"name\":\"MachineMarket Blog\",\"description\":\"Machine News\",\"publisher\":{\"@id\":\"https:\/\/machine.market\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/machine.market\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cranemarket.com\/blog\/construction-saudi-arabia-lifts-project-bidding-ban-on-binladin-group\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2016\/05\/binladingroup.gif\",\"width\":777,\"height\":466},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cranemarket.com\/blog\/construction-saudi-arabia-lifts-project-bidding-ban-on-binladin-group\/#webpage\",\"url\":\"https:\/\/cranemarket.com\/blog\/construction-saudi-arabia-lifts-project-bidding-ban-on-binladin-group\/\",\"name\":\"CONSTRUCTION Saudi Arabia \\u2018lifts project bidding ban on Binladin group\\u2019 - MachineMarket Blog\",\"isPartOf\":{\"@id\":\"https:\/\/machine.market\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/construction-saudi-arabia-lifts-project-bidding-ban-on-binladin-group\/#primaryimage\"},\"datePublished\":\"2016-05-09T14:01:15+00:00\",\"dateModified\":\"2016-05-09T14:01:15+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cranemarket.com\/blog\/construction-saudi-arabia-lifts-project-bidding-ban-on-binladin-group\/\"]}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/cranemarket.com\/blog\/construction-saudi-arabia-lifts-project-bidding-ban-on-binladin-group\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/construction-saudi-arabia-lifts-project-bidding-ban-on-binladin-group\/#webpage\"},\"author\":{\"@id\":\"https:\/\/machine.market\/blog\/#\/schema\/person\/d55314291bc2800387533231d1e82150\"},\"headline\":\"CONSTRUCTION Saudi Arabia \\u2018lifts project bidding ban on Binladin group\\u2019\",\"datePublished\":\"2016-05-09T14:01:15+00:00\",\"dateModified\":\"2016-05-09T14:01:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/construction-saudi-arabia-lifts-project-bidding-ban-on-binladin-group\/#webpage\"},\"publisher\":{\"@id\":\"https:\/\/machine.market\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/construction-saudi-arabia-lifts-project-bidding-ban-on-binladin-group\/#primaryimage\"},\"keywords\":\"construction\",\"articleSection\":\"Constuction &amp; 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