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Saudi to ink seven projects at USD469.34mn with Philippine

16 Apr 2017

(MENAFN) Saudi Arabia signed memoranda of understanding for seven projects worth USD469.34mn, which can produce 15.950 jobs in many areas managed by the Philippine Economic Zone Authority.

Moreover, owner of Small Investment Group pledged USD133.34mn in projects to set up an academy, hotel and a medical center in a tourism complex, which will generate 6.650 workers.

In the kingdom, business development director of Advanced Elect Systems Intl, inked a memorandum of understanding with PEZA for USD150mn airport and hotel project.

In addition, president of Future Formation Holdings, an investment holding firm, pledged an USD100mn project for the development of logistics facilities, ports and warehouses.

MENAFN1604201700450000ID1095393984

MENAFN1604201700450000ID1095393984

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