A Saudi government agency reported that the local contracting market in the country is witnessing a slowdown in the current period due to pressure factors that have caused the sector to decline in business, with low oil prices and the consequences of the emerging Corona virus. The Saudi Contractors Association clarified that a survey conducted by 600 contracting companies in the Kingdom revealed challenges facing Saudi contractors, which are cash flow, project delays, and supply chain disruptions, noting in a report issued recently that it expected project award to decrease by 20% during the year Current due to the pandemic. The report pointed out that the most common challenges among Saudi contractors stand out in the cash flow with 90% of the sample choices, while 86% indicated the challenge of delaying projects, while 70% of the participants identified a crisis that interrupts the supply chain. And the factor of oil […]