Saudi Arabia reportedly set to pay billions to settle dispute over Riyadh Metro ...United Arab Emirates

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Saudi Arabia reportedly set to pay billions to settle dispute over Riyadh Metro
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 38
Saudi Arabia is set to pay billions of dollars to settle a dispute with contractors over the Riyadh Metro, it has been revealed, bringing the long-delayed project one step closer to completion. Citing sources familiar with the matter, a Bloomberg report said that two out of three consortia, which include Bechtel Group and Alstom, have already reached an agreement for the disputed payments. Furthermore, the report added that the third group, which includes Italy’s Webuild, is expected to sign a deal soon. Contractors working on the project have been pursuing billions of dollars in payments in total, with Bechtel alone asking for approximately $1 billion. However, the report added that the ter

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