Saudi finance ministry launches financial claims platform for private sector

Published 13 Apr,2021 via Arab News - Economy RIYADH - 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.

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