Business
Saudi Arabia reportedly owes subway builders billions of dollars – Aljazeera.com
But Riyadh authority says contractors ‘have been paid in a timely manner’ as construction nears completion.
U.S.-based Bechtel Corp. and other international firms are pursuing billions of dollars in unpaid bills from Saudi Arabias government for work done on the Riyadh metro project, according to five people familiar with the matter.
Bechtel is owed around $1 billion for the transport system, a cornerstone of the governments efforts to upgrade the traffic-clogged Saudi capital, according to four of the people. Companies working on the project which also involves French, Spanish and Italian firms are pursuing…
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