FINANCIAL NEWS

Saudi Arabia exposes USD1.3bn development projects

28 Jun 2016

(MENAFN) Saudi Arabia proclaimed unveiled development projects value USD1.3bn in Madinah area, involving the setting up of new power plants and applying clean drainage network.

Furthermore, the kingdom launched new projects with focus on the health, education, cultural and services sector, which allocated USD185mn at Taibah University.

On the other hand, to increase the power sector in Madinah, the monarch exposed new services projects at USD266mn.

Meanwhile, Saudi Electricity Company will launch a new plant in downtown Madinah besides restoring the existing plants in Uhud, among others.

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