$1 trillion unveils new national programme

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Source:  www.ameinfo.com

An initiative designed to support the delivery of a growing number of major projects being developed in Saudi Arabia with a value worth more than $1 trillion was launched last week at the conference of Saudi Mega Infrastructure Projects held for its second year in Riyadh.

“These are transformational projects that must succeed,” said Chairman of the Organising Committee Faisal Alfadl.

“They include Riyadh’s amazing metro programme and similar projects in Makkah and Jeddah; Saudi Aramco’s downstream petrochemical projects; the National Water Company’s investments in water reserved and water treatment in the kingdom’s cities and many other vital infrastructure schemes, a vision foreseen by King Abdullah bin Abdulaziz of Saudi Arabia.

The initiative is designed to mobilise stakeholders in government, business and the community behind the vision of these amazing projects and help ensure their effective implementation on the ground benefiting generations to come as a private sector initiative under the auspices of the Minister of Economy and Planning,” he added.