Saudi Arabia owes billions to private firms after collapse in oil revenues | World news | The Guardian

Saudi Arabia owes billions to private firms after collapse in oil revenues | World news | The Guardian:

"Saudi Arabia has admiited that it owes billions of dollars to private firms and foreign workers after oil revenues collapsed, the kingdom’s new finance minister said.

The arrears have left tens of thousands of foreign workers, chiefly in the construction sector, struggling for months while they await back pay.

“I don’t recall the exact amount now but its billions of dollars,” Mohammed Aljadaan told reporters on Thursday."



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