Saudi ministry seeks details of contractor dues to prepare payments

Saudi Arabia’s finance ministry has directed government entities and public institutions to tally the amounts due to contractors and suppliers within three weeks in order to make payments, Okaz newspaper reported citing unnamed sources.

The new finance minister, Mohammed Al Jadaan, has been authorized to take necessary measures to disburse payments of dues pending from previous years until this year-end from SAR 100 billion, which is the previous year’s revenue surplus.

The kingdom’s Council of Economic and Development Affairs (CEDA) earlier this week said it plans to settle delayed payments to private sector companies by the end of December.