Muslim World League is considering cancellation of a construction
contract with a national company for a project close to the Haram area
The MWL will reconsider the SR360 million contract with
Al-Mehaisni Development and Investment Company to construct a
4,000-square meter residential and commercial complex at Al-Shobaika
in the holy city.
problem springs from lack of any precise time frame for the beginning
and completion of the construction work.
It is also alleged that Al-Mehaisni charged the MWL a higher
price than the market value for the land. The value of the land for
Al-Shobaika project is SR182 million while the land value for two
similar projects totaled SR189 million.
project is the last of three MWL contracts with Al-Mehaisni at a total
value of SR720 million. The cooperation between the company and MWL
began a year ago with the construction of a project in Ajyad, close to
the Grand Mosque.
to Medhat Mansour, an official of the Al-Mehaisni, reports of
disagreements with MWL, whose share in the project is under 50
percent, are baseless.
He pointed out that it is natural to have differences in
opinion which do not mean cancellation of either the contract or the
challenged those who accused the company of charging exorbitant prices
for the land to produce evidence to support their allegations. He said
MWL became a partner in the Shobaika project only after the company
purchased a piece of land in the area.
Al-Ahadal, the official in charge of investments in MWL, made no
comment beyond saying that an important meeting would soon be held to
discuss the future of the partnership.