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FINANCIAL NEWS
Saudi Arabia allocates $385b for infrastructure projects
17 Aug 2010
(MENAFN) Saudi Arabia’s Economy and Planning Minister announced that his country plans to build schools, hospitals, housing and other infrastructure projects as part of a five-year plan budgeted at $385 billion, Reuters reported.
The plan exceeds its previous five-year development plan by 67 percent. The minister added that over half the spending is devoted to manpower, education and training. That includes plans to build technology colleges and vocational schools while 19 percent of the funds will be devoted to the health care sector and seven percent to housing.
The country’s foreign population, many of them workers from India, Pakistan and the Philippines, jumped by 37 percent in census data released last week.
More News
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
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