Arab Press

بالشعب و للشعب
Sunday, Jul 13, 2025

Al-Jadaan directs to settle disputes between contractors, government agencies

Al-Jadaan directs to settle disputes between contractors, government agencies

Minister of Finance Mohammed Al-Jadaan has directed to settle disputes between contractors and government agencies with regard to the implementation of projects. He urged to offer additional tools to resolve the disputes.
The minister also ordered to disburse dues of contractors for the projects that were implemented earlier as well as for the projects that were stalled.

This was disclosed by Hamad Al-Hammad, chairman of the National Contractors Committee. He said that the decision would reflect positively on the contracting sector, and would contribute to its flourishing and enhanced activity by addressing one of the major challenges facing contractors in terms of the delay in the payment of dues and its impact on stalling projects and affecting companies adversely.

The decision will help companies resolve the problems of financial default, provide liquidity and reduce financial burdens so as enhance their ability to implement and expand projects.

Al-Hammad said that such decisions would stimulate the contracting sector as cash flow is one of its major drivers and contributes to the sustainability of national companies. “The committee remained keen on touching on contractors’ issues and presenting views and proposals on them to the relevant government agencies, including the problem of delaying the disbursement of dues and its impact on the contractor and project implementation,” he said while praising the ability and efficiency of national contracting companies to implement various development projects.

It is noteworthy that the contracting sector in the Kingdom plays a pivotal role in economic development. The number of companies in the sector accounts for more than 176,000 firms, with an annual growth rate of about three percent, and contributes by 5.5 percent to the Kingdom’s gross domestic product (GDP), and by 10.7 percent to the non-oil GDP.

In 2021, the number of projects proposed by the state reached more than 540 projects, with a value exceeding $120 billion, diversifying several sectors, the most important of which are construction, energy, and transportation.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Germany Seeks Taliban Deal to Deport Afghan Migrants
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Qatar Airways Clears Backlog of Passengers Following Missile Threats
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
UK Deploys Jets to Middle East Amid Rising Tensions
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
×