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07 June, 2018

Saudi to offer 135 projects worth $25bln

35 projects to be announced in Q3

Image used for illustrative purpose. 
A derek pumps in a oil field January 15, 2003 near the Saudi Arabian border, Kuwait.

Image used for illustrative purpose. A derek pumps in a oil field January 15, 2003 near the Saudi Arabian border, Kuwait.

Getty Images/Joe Raedle

07 June 2018
Saudi Arabia will offer 135 new projects to the private sector worth around 93 billion Saudi riyals ($25 billion), a local newspaper said on Wednesday.

The Arabic language daily Al-Madina said 35 projects would be announced in the third quarter of 2018 and would cover renewable energy and other sectors.

The projects are part of government plans to attract capital into productive sectors within the Kingdom's Vision 2030, it said.

The main sectors targeted in those projects include renewable energy, aviation and water, with total investment of about 49 billion riyals ($13 billion), the paper said, adding that they cover 13 areas of the Kingdom.

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(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@thomsonreuters.com)

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