Saudi Arabia to launch multi-billion-dollar projects

Dec 22, 2004 01:00 AM

Saudi Arabia is due to launch several industrial and development projects in the Eastern Province at an estimated cost of 224 bn riyals (nearly $ 60 bn).
A statement by the Ministry of Petroleum and Mineral Wealth said that Crown Prince Abdullah bin Abdullaziz will inaugurate those projects.

Prince Abdullah, also Deputy Premier and head of the National Guard, will lay the foundation stone for the Al-Jubail-2 project.
Prince Abdullah will inaugurate the production plants in Qatif to produce 800,000 bpd of crude oil and hundreds of million of cf of gas. He is also due to patronize the operation of a system on transporting desalinated water in Khobar and opening the King Fahd hospital in Dammam.

Source: Kuwait News Agency
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