Saudi Arabia: New Infrastructure Projects
May 10, 2008
Growing oil revenues spur investments in Saudi infrastructure:
- $3 billion aluminum project at Jazan Economic City developed by MMC Corp., Aluminum Corp. of China Ltd. and Saudi Binladin Group
- DHL Express will invest more than $27 mln in infrastructure developments to facilitate its regional expansion plans
- A dockyard will be built at the Islamic Port in Jeddah. Estimated project cost is about $430 mln
- Another port construction is considered at Ras Al Zour in the Eastern province at a cost of $600 mln
- A new petrochemical plant will be built in Al-Jubail Industrial City by South Korean company Daelim Industrial at a cost of about $900 mln
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