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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Asharq Al-Awsat

Saudi Arabia Signs $10.6 Bln Deal to Develop Local Infrastructure

Saudi Arabia
Officials sign the agreement on Saturday. (Asharq Al-Awsat)

Saudi Arabia will invest 40 billion riyals ($10.6 billion) in developing local infrastructure projects, announced the Ministry of Municipal and Rural Affairs and Housing.

Under the new agreement, nearly 90 million square meters will be allocated for the local infrastructure projects to provide over 150,000 housing units across 11 cities in an effort to accommodate around 750,000 people.

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