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CONSTRUCTION COMPANIES ARE RUNNING OUT OF CASH
The effects of COVID-19 in the Construction Industry is becoming more evident, as companies start to run out of cash. This comes after Arabtec, the construction giant that was involved in the construction of the Burj Khalifa (tallest building in the world during its topping out ceremony in 2009) has announced their decision to dissolve the company. According to the company’s chairman, Waleed Al Mokarrab Al Muhairi, “In recent years,” he said, “limited liquidity in the…
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