Saudi govt freezes consultancy payments amid spending review

1 min read
Source: Semafor
Saudi govt freezes consultancy payments amid spending review
Photo: Semafor
TL;DR Summary

Saudi Arabia ordered a temporary freeze on payments to strategy advisers, management consultants, and law firms across ministries and the Public Investment Fund as it weighs the economic impact of the Iran war; the order covers existing contracts and halts new consulting work until the end of June, with possible exemptions and some firms continuing short-term assignments, while the finance ministry says most invoices are paid within contractual terms.

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