https://www.newcivilengineer.com/latest/arcadis-ceo-discusses-exiting-middle-east-ethics-and-positivity-about-future-25-07-2024/ Civil engineering and construction news and jobs from New Civil Engineer Mon, 16 Sep 2024 10:41:51 +0000 hourly 1 https://wordpress.org/?v=6.0 https://www.newcivilengineer.com/wp-content/themes/mbm-mops-2017/images/logo.gif https://www.newcivilengineer.com 125 75 Civil engineering and construction news and jobs from New Civil Engineer https://www.newcivilengineer.com/latest/arcadis-ceo-discusses-exiting-middle-east-ethics-and-positivity-about-future-25-07-2024/#comment-4858 Mon, 29 Jul 2024 06:54:49 +0000 https://www.newcivilengineer.com/?p=281284#comment-4858 Clients in the Middle East all seem to believe that contracts mean nothing and you only get paid when they think you’re at the end of your tether. It’s the reason Halcrow went bust back in 2008. No matter how much the local (British) Halcrow management team tried to massage the cashflow, it was always obvious that there was always about £80 million owing. That is unsustainable and brought Halcrow down when the GFC hit. I applaud the Arcadis CEO for being so open and honest about his reasons for pulling out of the ME.

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