Saudi Cabinet sets cap for estimated value of infrastructure, public service projects
- Date: 08-Oct-2023
- Source: Eye of Riyadh
- Sector:Real Estate
- Country:Saudi Arabia
Saudi Cabinet sets cap for estimated value of infrastructure, public service projects
The Saudi Council of Ministers approved a maximum limit for the estimated value of any infrastructure or public service project, stipulated in paragraph (1) of Article 7 of the Privatization Law issued in 2021. The limit shall be SAR 200 million for projects to carry out works or secure purchases related to an infrastructure or public service project, and SAR 50 million for projects to transfer