Arab News, Wednesday, Apr 14, 2021 | Ramadan 2, 1442
Saudi MoF launches financial claims platform for private sector
Saudi Arabia:
The Saudi finance ministry has launched an online service to handle claims from
contractors and suppliers.
The “Etimad” platform was established in partnership with the National Center
for Government Resource Systems (NCGR), the Saudi News Agency reported.
It means that contractors and suppliers from the private sector can submit their
financial claims directly to government agencies, CEO of the NCGR, Ahmed
Alsuwaiyan, the CEO of NCGR said.
Major construction projects typically produce a number of contractual claims
triggered by unanticipated circumstances, variations to original designs and a
number of other factors caused by the client, contractor or both.
The finance ministry said this new platform would allow projects to be
implemented in a transparent and efficient way.
It comes as the Saudi government encourages more private sector companies to get
involved with major projects planned across the Kingdom.