Saudi Binladin Group sanctioned over deadly crane crash

Updated 17 September 2015
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Saudi Binladin Group sanctioned over deadly crane crash

JEDDAH: Custodian of the Two Holy Mosques King Salman on Tuesday ordered that top officials of the Saudi Binladin Group be banned from traveling outside the kingdom after probers pinned the blame partially on the construction company for Friday’s deadly crane crash in Makkah.
A royal court announcement carried by the Saudi Press Agency (SPA) said the king is reviewing the report of the Accident Investigation Committee, which suggested negligence on the part of the Saudi Binladin Group, but concluded that it found an “absence of criminal suspicion.”
The report said “the main reason for the accident is the strong winds while the crane was in a wrong position.”
Some 111 people were killed and 331 injured when the giant crane being used in the expansion project at the Grand Mosque toppled and crashed into a portion of the mataf (circumambulation area) around the holy Kaaba on Sept. 11.
Pending completion of the investigation, all members of the Board of Directors of Binladin Group, as well as Bakr bin Mohammed bin Ladin and senior executives in the group and others connected with the project are banned from leaving the kingdom, said the royal court order.
 


Finance officials meet to map out Saudi Arabia’s budget plans

Updated 19 April 2019
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Finance officials meet to map out Saudi Arabia’s budget plans

  • Finance representatives of 150 government bodies meet for the Budget Forum 2020

RIYADH: Saudi finance chiefs have kicked off a major conference in the capital aimed at mapping out the Kingdom’s budget requirements.
Around 300 specialists representing 150 government bodies met at the InterContinental hotel in Riyadh for the Budget Forum 2020.
Minister of Finance Mohammed Al-Jadaan welcomed delegates to the second edition of the gathering organized by the Saudi Finance Ministry under the slogan “Partnership and Empowerment.”
Al-Jadaan said the ministry was focused on “partnership and commitment,” and sought to share the challenge of developing an effective budget to achieve the Kingdom’s ambitious goals.
“We are also committed to empowering financial leaderships to learn about the ministry’s programs and projects and provide training and qualification opportunities to the best international standards,” he added.
The finance chief said the budget planning process required the collaboration of multiple authorities and a clear strategy based on transparency. 
Items up for discussion at the forum included financial planning in governmental bodies, automation, and the promotion of revenues and efficient spending.
Finance Ministry steering committee chairman, Abdul Aziz bin Saleh Al-Freih, stressed the importance of the forum in getting the ball rolling at an early stage on formulating a general state budget.
Workshops were held on the sidelines of the conference focused on empowering government organizations, and a training program on financial planning and income estimations was also staged.