(MENAFN) Nearly USD18.2 billion has been earmarked for the development of infrastructure in Saudi Arabia. Saudi Gazette reported.
The Saudi Arabian Monetary Agency (SAMA) published figures that show the total allocations for infrastructure developments in the country in the period between 2004 and 2014 was around 1.2 percent.
SAMA Groups said: ?SAMA?s figures show that last year the actual capital spending stood at around SR261 billion (USD69.5 billion)...our projections for this year show it could reach one of its highest levels of SR317 billion (USD84.5 billion).?
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.