Riyadh – Mubasher: Saudi Binladin Group is planning to restart work on the $3.5-billion Abraj Kudai in Mecca, Russia Today reported.
A financial squeeze halted construction in 2015 following the drop in oil prices.
The 10,000-room hotel when completed should have 70 restaurants, shopping malls, several helipads, a wing for the Saudi royal family, and a ballroom.
The group called sub-contractors to submit pricing proposals to Saudi Binladin by mid-September.
Saudi Binladin Group has debt of nearly $30 billion. However, the company’s creditors agreed earlier this year to extend a SAR 4 billion Islamic credit facility to back construction work at Mecca's Grand Mosque.
