Saudi Arabia Moves Agriculture Abroad
Monday, May 12th, 2008Saudi government moves agriculture abroad by investing in farming of staple commodities in Thailand, Brazil, India and other countries. This move represents a classic case of “absolute advantage” economy. At the current high energy prices it makes all sense for Saudis to get rid of heavily subsidized agriculture sector burdened by huge costs of desalinated [...]
Saudi Arabia: New Infrastructure Projects
Saturday, May 10th, 2008Growing 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 [...]