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FINANCIAL NEWS
Saudi to spend USD173 b in 5 years on energy projects
23 Feb 2014
MENAFN) Saudi Arabia is expected to spend USD173 billion on energy projects over the following five years, according to Arabian Business.
Countries in the Middle East and North Africa are projected to spend about USD765 billion on projects during the period.
A report said: “Cost inflation remains one of the most important factors driving the increase in energy investment.”
Apicorp said that the UAE is expected to rank second after Saudi Arabia in terms of spending as it plans to spend USD113 billion during the five-year period.
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