Daily Archives: 7 October 2013

Kingdom implements mega projects worth SAR288bn

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Saudi Arabia is implementing mega infrastructure projects, including roads, bridges and rail projects worth $77 billion (SR288.75 billion), local media said quoting a report. The projects currently implemented to develop roads and bridges in the GCC countries are estimated at $109 billion (SR408.75 billion), the report released by Ventures Middle East said. Saudi Arabia captured […]

Saudi government spends SR220bn on fuel subsidies

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The Kingdom spends SR220 billion a year to subsidize gasoline and diesel, a Shoura Council member said here recently. Fahad bin Juma’, deputy chairman of the committee for energy and economic affairs, said the country uses an estimated 2.8 million barrels of petrol and gas a day during the summer season to desalinate water and […]