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Saudi Arabia Halts Consultant Contracts Amid Financial Pressures

Financial Times Companies •
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Saudi Arabia has suspended new consulting contracts as regional conflicts strain government finances. The decision affects ongoing work tied to Vision 2030 megaprojects, marking a significant shift in the kingdom's spending approach. Multiple consulting firms have reported halted payments and suspended projects.

The move comes as war-related economic pressures mount across the Gulf region. Saudi officials are attempting to tighten fiscal controls while managing costs associated with massive infrastructure investments. Payment delays affect both international and local consulting partnerships.

This spending freeze signals broader budget constraints facing the kingdom's transformation agenda. Vision 2030 projects, originally slated for rapid development, now face potential restructuring. The pause represents the most visible sign yet of fiscal tightening affecting Crown Prince Mohammed bin Salman's signature reform program.