The Royal Commission for Riyadh City (RCRC) said that bills of the contractors working on the public transport project, which started in October 2013, were paid in a record time and without any delay as per the signed contracts.
Contractor claims are evaluated in light of the dispute settlement clause set forth in these contracts to resolve any dispute.
Accordingly, the RCRC denied the claims published by Bloomberg on April 5, 2021, that it owed billions of dollars in unpaid bills to international firms working on the project.
The RCRC said it has ensured that payments to contractors were made in a timely manner, following the submission of their contractual payment certificates without delay.
“The COVID-19 pandemic affected the construction of mega projects, such as supply chain interruptions. However, despite the outbreak, we have ensured the project’s continuity, as we adapted business behavior and construction processes,” it added.
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