The Saudi BinLaden Group is seeking an advisor to help the troubled company restructure as much as $20-$30 billion in debt, according to a new report in Reuters.

Saudi finance ministry has resumed payments to Saudi Binladin Group (SBG), the kingdom's biggest construction firm, for its work on government projects, according to a Reuters report which cited a local newspaper. The positive news for SBG and its employees comes at a critical time for the company.

While legitimate critiques can be made about some of the tactics – the Saudi government is producing results within the context of what is reasonably achievable.

Construction Week issued it's Power 25 list for Saudi Arabia identifying "KSA's most active players operating within the Kingdom's construction center." El Seif Engineering Contracting was ranked #2 behind the Bin Laden Group.

Custodian of the Two Holy Mosques King Salman on Tuesday ordered that top officials of the Saudi Binladin Group be banned from traveling outside the kingdom after an investigation found the construction company partially to blame for Friday’s deadly crane crash in Mecca.

Saudi Arabia's Eastern Province municipality is planning a model city comprising a residential, economic and tourism center in Half Moon Bay, Al-Aziziyah district, which is expected to create up to 90,000 jobs when complete.

The Saudi Binladin Group (SBG) is facing its toughest challenges in the construction giant’s 85 years of operation as tightened government spending and a 8-month restriction on new projects in the pipeline has undermined the company's finances.

Foreign governments are pressing both government authorities and company executives in Saudi Arabia “to ensure that local construction firms make delayed salary payments to thousands of workers, a sign of pressure on the kingdom’s economy due to low oil prices,” according to a Reuters report.