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FINANCIAL NEWS
Saudi Minister of Petroleum plans projects in the industrial city
09 Jan 2014
(MENAFN) Minister of Petroleum and Mineral Resources Ali Al-Naimi said the minister plans to work on the country’s industrial city in Ras Al-Khair in eastern Saudi Arabia to improve it, according to Arab News.
The new projects at Ras Al-Khair will help bringing the country good returns, and support investors.
“Ras Al-Khair was established on the directive of Custodian of the Two Holy Mosques King Abdullah to support all phases of industrialization and achieve the highest possible added value inside the country,” said Al-Naimi, who was accompanied by Prince Faisal bin Turki, adviser at the ministry, and Khaled Al-Mudaifer, CEO of Saudi Arabian Mining Company (Maaden).
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