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Saudi state funds keep transport projects on track

Posted on 22 May 2009

From Aawsat.com: Saudi Arabia’s transport minister said all transport projects in the kingdom were on track and it was using state funds to push them forward given the high cost private sector borrowing.

Jebarah bin Eid al-Suraisry said on Wednesday the kingdom allocated 12 billion riyals ($3.2 billion) in its budget for some road and ports, underpinning the state’s plan to keep public funds flowing into key infrastructure projects…….Full Article: Source

 
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