Saudi Arabia Update - January 2017

Legal developments

Government's payments of the remaining dues to the private sector

As a result of the crash in oil prices in mid-2014, the Saudi government was forced to cancel projects and delay payments to some of the private sector companies, which forced some of these companies to lay off staff and reduce or completely cease operations. However, the government has been working to pay all outstanding amounts to the private sector companies, and authorities have announced that all dues have been paid up until the beginning of December 2016. Remaining documents, which were submitted during the last three weeks, will be paid within the next two months.

Arab News – 22 December 2016