FINANCIAL NEWS

Saudi Arabia grants $667m infrastructure contracts

12 May 2010

(MENAFN) Saudi Arabia granted road contracts worth $666.7 million for developing and building new roads in several parts of the country, SPA news agency reported.

The government has awarded all of the contracts to Saudi firms.

The kingdom is spending $400 billion on infrastructure as part of its plans to diversify its economy, develop its infrastructure and create jobs for its growing population of 18 million natives.

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