No delays in private sector’s payments, says Saudi ministry

Saudi Arabia's Finance Ministry has affirmed that 97 percent of its payments for private segment contracts are paid inside 30 days of issue, with 99 percent paid within 60.

The rest of the 1 percent of installments, the service stated, were not made because of court orders, or because of debate between the legislature and the customer, and were liable to legally binding question goals instruments.

Foreign investment in Saudi Arabia dramatically increased in 2018 to reach $3.5 billion.

Attracting foreign investment is a key piece of the Vision 2030 arrangement to expand the economy far from oil incomes.

The Kingdom is additionally finding a way to make little and medium ventures the principle motor for monetary improvement.