Abu Dhabi moves to pay contractors
Government says ‘appropriate steps’ have been taken to ensure dues are paid
The Abu Dhabi government has said ‘appropriate steps’ have been taken to ensure contractors working on billions of dollars-worth of construction projects in the emirate are paid by its entities.
The government did not disclose the total value for the amount owed to construction firms, but industry sources told Reuters it is likely to be several billion dollars. “
The Abu Dhabi Government is fully aware of its obligations in terms of outstanding payments to contractors, and has taken the appropriate steps to ensure that all these obligations are met by the responsible government entities,” the Abu Dhabi Office of Government Communications said.“
The Abu Dhabi Government and its related entities are currently managing well over 1,300 different projects, ranging in magnitude from several hundred thousand to billions of dirhams,” the statement added.
