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FINANCIAL NEWS
Saudi Waj to invest USD319m in Taif projects
29 Dec 2011
(MENAFN) The Waj development and investment’s chairman, Sheikh Saleh Kamel, said that the company would open 8 new development firms in Taif with a value that would exceed USD319 million, reported Arab News.
Kamel added that the firms, which would begin their activities within the next 5-8 years, would highly contribute to the development of Taif region; moreover, they would provide job opportunities to nationals.
He also said that the company carried out feasibility studies on several investment projects in Taif in order to make use of the region’s natural resources and to develop its industries.
It is worth noting that the new firms would invest in a number of fields including real estate, manufacturing of perfume oils, health, education, training, festivals, exhibitions, tourism, entertainment, agricultural development and others.
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