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|11 October, 2018

Saudi Arabia allocates $370mln for 11 infrastructure projects

The projects will be distributed in Jubail, Yanbu, Ras Al Khair, and Jazan Economic City

Image used for illustrative purposes Construction worker is planning to build a power station.

Image used for illustrative purposes Construction worker is planning to build a power station.

Getty Images/ BartCo

Riyadh Saudi Arabia-based Royal Commission for Jubail and Yanbu has signed 11 contracts at a combined value of SAR 1.361 billion to implement projects that will contribute to developing infrastructure and piling works.

The projects will be distributed in Jubail, Yanbu, Ras Al Khair, and Jazan Economic City, according to an official statement.

The deals include setting up projects in the electricity, industry, education, engineering, and healthcare sectors.

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These investments are part of Saudi Vision 2030, intended to diversify the kingdom’s economy and invest more heavily in infrastructure.

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