Saudi Arabia to pay private sector dues 'within months': Al-Tuwaijri

Saudi Arabia will clear the outstanding payments it owes to the private sector "within months", Arab News reported, citing Minister of Economy and Planning Mohammed Al-Tuwaijri.

“The commitment is there, the funding is there, the policymakers are saying, ‘please do, please pay, get this out of the way.’ And I think it is a matter of months before we achieve all of that," he said.

According to the minister, vast majority of claims have now been addressed, and the Kingdom is committed to settling all outstanding cases.

Nearly 97 percent of outstanding invoices have been repaid, the daily quoted Finance Minister Mohammed Al-Jadaan, as saying.