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FINANCIAL NEWS
Jeddah Bridge project will cancel due to lack of funds
20 Mar 2016
(MENAFN) According to the Minister of Municipal and Rural Affairs, this has canceled a bridge-building project due of not having the funds to pay for.
Moreover, the Jeddah Secretariat does not have the funds to pay for the private properties needed to be developed to make way for it.
In addition, the intersection of Almahjar and King Faisal streets will have 92.2 percent of it on private property.
However, the Jeddah municipality had filed a request with the ministry to cancel the project and have all funds allocated returned to it.
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