The Saudi government intends to allocate more than $100 billion in funding to develop public facilities and infrastructure over the next two decades. Saudi Arabia’s rapidly growing local population accelerated the execution of various development projects in local cities, reported Al-Hayat . Due to the oil volatility, the government intends to grant the private sector a larger role in the new projects either through direct investment or privatization. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
