One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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Message: Re: financing

Dec 02, 2015 05:46PM

That's all assuming CCC have a large hoard of cash ready to deposit into LLCs bank account. Went digging and I found this ........

http://www.constructionweekonline.com/article-35990-face-to-face-samer-khoury-ccc/1/#.VmFmA8moXqA

These are especially difficult times for any contractor to have $50mil at the ready, especially a GCC contractor but here's hoping it doesn't throw a spanner in the works. GCC contractors are usually cash positive with 10% advance payments being the norm on projects but when the price of oil drops that all goes out the window as Samer explains.


mdb
Dec 04, 2015 06:13AM

Dec 04, 2015 08:22AM

Dec 04, 2015 10:40AM
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