$9.59 bn in contracts awarded for King Abdullah Project

Feb 05, 2014 12:00 AM

The King Abdullah Project for the Development of Waad Alshamal City in Saudi’s Northern Border Region is moving forward with the announcement of SR36bn ($9.59bn) in contracts, it was reported.

The awarded projects included construction of a number of factories, 1,000 megawatts power plant, a main road and other projects, the Saudi Gazette reported.

The contracts also covered projects to link the city of Waad Alshamal with Saudi ports along the Arabian Gulf, as well as raw material supplies and sanitary water treatment.

They included an agreement on a feasibility study of constructing a factory for solar panels and a training centre.

Speaking at a signing ceremony for the contracts, Prince Saud bin Abdullah Bin Thunayan said that the King Abdullah Project will provide many investment opportunities for Saudi contractors and open up a large number of jobs for Saudi youths.

The Ministry of Petroleum and Mineral Resources and Saudi Arabian Mining Company (Maaden) are implementing the projects in conjunction with a number of government agencies and leading Saudi and international companies.

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