FINANCIAL NEWS

New economic cities in Saudi to lead to more growth: Expert

23 Mar 2012

(MENAFN) Economic analyst Abdulrahman Al-Sanie said that new economic cities in Saudi will impact the country’s growth positively, reported Arab News.

Al-Sanie noted that the new cities will provide 3 million new jobs, find real solutions for unemployment and attract foreign capital.

In addition, the expert noted that the cities would help transfer industrial technology from the developed countries to the Kingdom and, therefore, cut back prices of raw materials.

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