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  • westcoasthound westcoasthound May 15, 2007 8:42 AM Flag

    $31 billion in Riyadh yesterday

    King Abdullah launches 1,800 development projects in Riyadh

    Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz launched 1,800 development and infrastructure projects worth more than $31 billion in Riyadh yesterday.

    They include the $7.5 billion King Abdullah Financial District, which will serve as headquarters for the Capital Market Authority, the Saudi stock exchange, the commodities market, in addition to a large community of professionals in the financial sector. When completed, it will be the largest financial center in the Middle East.

    Notable education projects include the Women�s University in Riyadh and 1,274 projects for general, higher and technical education such as 27 educational complexes, 47 schools, and 50 small schools.

    More than $58 billion in health sectors were also launched. They include 15 new hospitals, the expansion of existing medical centers, and 162 primary health care centers.

    Also launched were water, sewage, desalination and power generation projects; housing and telecommunications projects; and the establishment of the King Abdullah International Public Park.

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