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Saudi Al KhodariCo. will cut reliance on public sector
(MENAFN) The Saudi Arabian contractor "Al Khodari & Sons", whose value of government agreements dropped by almost half a year earlier, focusing on private-sector work and deals in the GCC.
Moreover, the amount of new work gained by the firm dropped to USD 0.39bn from USD 0.7bn in 2014, which is going through volatility like any other business.
Accordingly, the Co. has a plan in place to counter what is happening in the marketplace, which is one of the best contractors in KSA.
In addition, it also has 19,000 staff at the beginning of 2015, but this dropped to 11,000 by the end of this current year, and almost 5,000 to 6,000 workers were laid off.
Moreover, the amount of new work gained by the firm dropped to USD 0.39bn from USD 0.7bn in 2014, which is going through volatility like any other business.
Accordingly, the Co. has a plan in place to counter what is happening in the marketplace, which is one of the best contractors in KSA.
In addition, it also has 19,000 staff at the beginning of 2015, but this dropped to 11,000 by the end of this current year, and almost 5,000 to 6,000 workers were laid off.
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