Binladin ‘lost billions’ since Makkah crane crash; 77,000 expats given final exit visas, say reports

RIYADH: Saudi Binladin Group has lost billions since the government refused to grant it additional contracts after last year’s crane crash in Makkah that killed 107 people, for which the firm was found partially responsible, according to a local media report on Monday. The censure of the company had included a review of existing projects, and a ban on travel for several members. This had placed the company in a precarious position, which resulted in them not being able to pay workers in Makkah and Jeddah, with 77,000 layoffs reportedly taking place, according to several reports. A source quoted by a local newspaper has claimed the company has had 77,000 final exit visas issued for expatriate workers.   Arab News