JEDDAH – Saudi Arabia is spending 2.5 billion riyals ($666.7 million) to expand the kingdom’s airports, the state news-agency SPA reported on Sunday.
“These projects include the development, creation and expansion of 23 airports, locally, that will serve around 9 million travellers annually,” SPA stated.
The projects include the creation of a new 20 million riyal airport in Taif, located on the Western mountains, as well as a 300 million riyal expansion of the Najran airport in the south to be completed next year.
Saudi Arabia, the largest Arab economy, boosted its spending on infrastructure
, education and healthcare last year in order to stimulate the economy during the global financial crisis.
The country has vowed to spend more than $400 billion as part of its plans to diversify the economy and upgrade its infrastructure, creating more jobs for its growing population of 18 million Saudis.
Source: business.maktoob.com
“These projects include the development, creation and expansion of 23 airports, locally, that will serve around 9 million travellers annually,” SPA stated.
The projects include the creation of a new 20 million riyal airport in Taif, located on the Western mountains, as well as a 300 million riyal expansion of the Najran airport in the south to be completed next year.
Saudi Arabia, the largest Arab economy, boosted its spending on infrastructure
, education and healthcare last year in order to stimulate the economy during the global financial crisis.
The country has vowed to spend more than $400 billion as part of its plans to diversify the economy and upgrade its infrastructure, creating more jobs for its growing population of 18 million Saudis.
Source: business.maktoob.com
