Saudi Arabia awards roads deals worth US$587mn


Saudi Arabia awarded contracts worth US$587mn for road-building and is looking to sign more deals next month, reported the state news agency SPA.


Saudi Arabia, the world's biggest oil exporter, has embarked on a massive spending programme to upgrade and improve the Kingdom's infrastructure. The government will invest US$400bn in the next five years to 2013. Investment in the transport system is a key component of the governments development plans.

The transport ministry previously signed contracts for other projects worth up to US$2.4bn and is looking to sign six more projects worth US$155.4mn by the end of 2010. The government issued 3,184 contracts worth US$27.6bn for construction and education projects in the first half of this year, the finance ministry said.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W:

twn Are you sure that you want to switch to desktop version?