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Flash Opnion

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German Chancellor Angela Merkel secured a historic third win...

ARAB SPRING COUNTRIES ABOUT TO GET OUT FROM BOTTLE’S NECK

Things are now getting more clearer in the global...

Flash

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International economic and political currents seem to be conflicting...

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by Ahmed Fouda Jim Yong, World Bank chair person said...

Adieu to a Prince who will continue to inspire and guide us

Ahmed Fouda: Prince Saud Al-Faisal, a veteran Arab and...

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  Ahmed Fouda We have close loyal friends whom we always...

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Sounds like this breach that started out from 2011...

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“MEO is dedicated to provide credible & sound analysis...

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Middle East Observer

Wednesday, April 2, 2025

Saudi Arabia unveils $1.3bn development projects

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Saudi government has announced development projects worth SR5.1bn ($1.3bn) in Madinah region including the setting up of new power plants as well as implementation of sanitary drainage network, said a report.

The announcement was made by Saudi King Salman during his second official visit to the city since his ascension to the throne, reported Saudi Gazette. The King launched a number of projects with focus on the health, education, cultural and services sector. He allocated SR693m $185m for development of key facilities at Taibah University and an Islamic University in Madinah to be set up at an investment of SR843m ($225m).

To boost up the power sector in Madinah, the monarch unveiled new services projects worth SR1bn $266m. As per the deal, Saudi Electricity Company will be setting up a new plant in downtown Madinah besides revamping the existing plants in Uhud, among others.


 

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