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Saudi $60bln hub to triple traffic

Posted on 06 August 2012

Saudi arabia is spending more than $60 billion on a logistics hub, airport improvement and roads to reduce travel time in the Arab world’s biggest economy. The investments also yielded the largest sukuk, or Islamic bond, offered in the Middle East this year and an initial public offering on the stock exchange in June.
“There is a large infrastructure boom happening in Saudi Arabia,” said Jarmo Kotilaine, chief economist at Jeddah-based National Commercial Bank………………………………………..Full Article: Source

 
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