(MENAFN) Saudi Arabia will pay by next month the money it owes private companies after oil revenues collapsed, a committee headed by powerful Deputy Crown Prince Mohammed bin Salman said on Monday.
In detail, the arrears have left tens of thousands of foreign workers, chiefly in the construction sector, struggling for months while they await back wages.
"The council came up with a package of solutions and procedures to settle the dues that met the requirements of spending," the official Saudi Press Agency (SPA) reported after a regular meeting of the Council of Economic Affairs and Development.
Solutions "will be implemented immediately and completed before December 2016," it said in a rare discussion of the delayed payments.
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