Saudi court orders compensation over a failed deal to build a hospital in Jeddah
A court has ordered a Saudi citizen to pay SR43 million ($11.5m) in compensation to an Indian investor over a failed hospital development deal, according to local media.
The men had agreed to build a hospital in Jeddah under Saudi law that requires foreign investors to have a local partner to develop or run a business in the kingdom.
Construction had begun and staff were recruited from Indian and Pakistan but the project stalled when the a dispute arose, Arab News reported.
Details of the dispute were not revealed but the project was renamed and workers were sent back to their countries.
The Indian successfully sued the Saudi, arguing he had breached their contract.
Justice Sami Al Atiq ordered the money be paid within five days.
The Saudi would be banned from travelling if he failed to comply with the ruling.