FINANCIAL NEWS

Saudi shifts focus from finance to politics, social

22 Mar 2011

(MENAFN) Business leaders in Saudi Arabia are worried that foreign investment might weaken in the Kingdom as it focuses currently on political and social aspects, reported the National.

This comes after two major foreign companies withdrew from bidding to build the 1,500-megawatt Qurayyah power plant in Saudi Arabia.

The two companies that withdrew are AES, the US-based power company, and the Qatar Electricity & Water Company.

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