Dr. Abdulrahman bin Abdullah Al-Zamil, Chairman of the Council of Saudi Chambers, warned of the financial difficulties currently facing construction companies and firms in various regions of the Kingdom that are carrying out government projects. These companies have experienced delays in the payment of their financial entitlements over the past period, which has exceeded nine months, This has caused many of them to face financial shortfalls, preventing them from meeting their contractual obligations—namely, paying employee salaries and supplier invoices—which amount to billions of riyals, thereby negatively impacting the progress of government projects.

Al-Zamil emphasized that if delays in the payment of project proceeds continue, some small and medium-sized enterprises will be at risk of default and bankruptcy, which would weaken the private sector and could pose a challenge to its role in achieving the Kingdom’s Vision 2030, in addition to the loss of many jobs available to Saudis.

In the same vein, the Chairman of the Council of Saudi Chambers, Dr. Abdulrahman bin Abdullah Al-Zamil, called on the ministers of Finance, Commerce and Investment, and Economy and Planning to disburse all overdue payments to contractors so that companies and institutions operating in this sector can meet their obligations.

This came in letters sent by the Chairman of the Council of Saudi Chambers to the three ministers, following up on a letter the Chairman recently submitted to the Custodian of the Two Holy Mosques—may God preserve him—on this matter.

Al-Zamil noted that contractors have exhausted all their internal financing capabilities, and it has become urgent to strengthen their financial position by paying all their overdue receivables.