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Riyadh takes control

“The fear of the political fallout associated with project failures means Riyadh is now preparing to spend billions of dollars to take control of the kingdom’s construction sector. Riyadh is moving to create a joint-venture super contractor that will involve Aramco and the Public Investment Fund (PIF) partnering with local and foreign firms. Bold initial steps have been made and the new project launches have revealed what is planned, but…..”

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