Posted by : Aahil Shaik Tuesday, February 13, 2018

ORDER FOR QUICK RESOLUTION TO DELAYED PAYMENTS OF PRIVATE SECTOR

Saudi Arabia has ordered to make a complete list of all delayed payments to the private sector companies in the Kingdom, reported Saudi Press Agency (SPA) citing  a royal decree.




The order also recommended to establish a committee headed by the Minister of trade and investment for gathering data on delay payments to the contractors of private sector.

- The decree will introduce a quick resolution of outstanding payments.





- The committee will look into the reasons for the cause of payment delays and will come up with solutions for speedy repayment for them.




ORDER TO RESOLVE DELAYED PAYMENTS OF PRIVATE SECTOR

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