Monday, May 26, 2014

Dutch Company Victim of Saudi Sanctions

The Maars company from Harderwijk which builds interiors may be among the first victims of the Saudi sanctions against the Netherlands. Its director Menno de Vries said that the company may lose 15 to 20 million Euros of business over three years. Maars was on the verge of signing a contract with the Aramco oil company, but was told that there would be no order. De Vries said that the company’s manager for the Middle East had been told that there would in the foreseeable future, be no new projects with Dutch companies. Maars was also bidding for other contracts in Saudi Arabia. De Vries said that they would not be invited for them, even though they are already active for ten years in Saudi Arabia.       

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