Saudi water ministry plans to cut stalled projects to 10%

05/07/2017 Argaam

The Saudi Ministry of Environment, Water and Agriculture is planning to cut stalled projects to less than 10 percent by the end of 2017, Al-Eqtisadiah newspaper reported on Wednesday, citing the ministry’s undersecretary, Mohammed Al-Mukli.

 

Work on most projects was stopped due to government delays in paying small contractors’ dues, in addition to low achievement rates amid lack of liquidity.   

 

The ministry has taken several procedures to revive these projects, worth a total of SAR 30 billion.

 

This move reflected positively on project performance, reducing stalled projects to 28 percent at the end of May, compared to 80 percent last year, Al-Mukli added.

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