Saudi Arabia has ordered an inventory of all delayed payments to the private sector, state news agency SPA said on Monday, citing a royal decree.
The decree urged a quick resolution of outstanding payments.
It will also establish a committee headed by the trade and investment minister in charge of gathering data on payment delays to private sector contractors.
The committee will look into reasons for the delays and come up with solutions for speedy repayment.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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