FINANCIAL NEWS

KSA to deploy infrastructure projects to attract further foreign investments

31 Mar 2015

(MENAFN) Saudi Arabia is set to deploy infrastructure projects worth billions of dollars to appeal to further foreign investments in sectors like transport, healthcare and industrial equipment, according to an economic senior, Arabian Business reported.

Saudi spends an annual expenditure worth billions of dollars on infrastructure ventures like roads, ports, airports and hospitals. The USD22.5 billion Riyadh metro sets an adequate example for the kingdom’s driving momentum such investments.

“We’re moving from quantity to quality, to targeted investments. The government is thinking differently now.” The executive director for investment policy at Saudi General Investment Authority said in a statement.

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