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06-01-14

Saudi Aqeer beach investments to reach USD13b

(MENAFN) Aqeer beach project in Saudi Arabia is estimated to bring investments worth USD13.3 billion over the following 25 years once the infrastructure works are completed, Arab News reported. It has been said that 80 percent of the investments are to come from local and GCC firms, particularly from Qatar and the UAE. The Council of Ministers had earlier agreed to earmark USD3.7 million to meet the basic infrastructure requirements of the project.