SR13b unspent in Saudi due to delayed public projects
2011-12-11 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: The Saudi General Auditing Bureau has said the government has returned a total of SR13bn to the treasury because of 555 delayed service projects across the country, Saudi Gazette has reported. The contracts of 472 of the projects had inadequate technical specifications and poor financial potential, GAB said. In addition, the responsible government agencies had failed to provide proper oversight over the public contracts and procurement system, the report said.  

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