Saudi Arabia set for U$400 billion infrastructure investment
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Saudi Arabia plans to spend US$400 billion on infrastructure projects in the next five years as the kingdom seeks to benefit from lower construction costs amid the global financial crunch, Gulf News reported.
“We are talking now about much less construction cost because of the drop in the prices of steel, cement and other building materials,” Saudi Arabian General Investment Authority Governor, Amr Al Dabbagh, was reported saying.
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