Hariri assassination postpones major Saudi construction deal

Published February 20th, 2005 - 08:57 GMT

The assassination of former Lebanese Prime Minister Rafic al-Hariri has delayed the signing of a major construction deal in Saudi Arabia, sources said.


Last Monday, al-Hariri was killed when a massive car bomb was detonated as his motorcade drove by in the Lebanese capital of Beirut.


Hariri owned Saudi Oger, a large construction company. Saudi Oger was to sign a deal with the Saudi government last Tuesday, but the signing has been postponed, sources said.


The 500 million Saudi riyal contract involves construction of six towers for the Saudi General Pensions Authority.


A new date for signing the contract has not been announced. It is expected that the Saudi authorities will make consultations with the officials of Saudi Oger to set a new date, sources said.


Hariri founded Saudi Oger Ltd in 1978 after merging his company, Sekonest, with Oger, a French firm. The company grew into a multi-divisional organisation with many subsidiaries. Saudi Oger has undertaken a variety of projects in the Saudi market. Additional Saudi Oger projects include the Intercontinental Hotel in Makkah, the Al Shorouq government centre in Dhahran, the King Fahd Quran Printing Complex in Madinah and a 3 billion riyal government centre in Riyadh.

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