Top financial authorities have issued official directives to commence the disbursement of the first installment of overdue financial dues to contracting companies operating in several governorates, with a mechanism in place to schedule payments for the remaining regions subsequently. This step was widely welcomed by unions concerned with the contracting sector, which considered it the fruit of earnest cooperation between the executive and legislative branches to resolve the backlog of financial files. Competent authorities confirmed that adopting a gradual and regular disbursement mechanism will form a strong pillar for the stability of implementing companies and will directly contribute to driving development and completing vital projects that serve the national economy.
Dijlah Point News Editorial Team
Editor at Dijlah Point News, writing about Eco.