Mubasher TV
Contact Us Advertising   العربية

Saudi King launches SAR 85bn Waad Al Shamal project

Saudi King launches SAR 85bn Waad Al Shamal project

Riyadh – Mubasher: Saudi King Salman bin Abdulaziz Al Saud on Thursday has laid the foundation stone of Waad Al Shamal project at a value of SAR 85 billion.

Waad Al Shamal project will include mining, energy, and logistics services industries.

The project is an unprecedented development project, Saudi oil minister Khalid Al-Falih stated.

Al-Falih further indicated that the Kingdom will launch various projects over this week, including Sakaka solar power plant, the world's largest solar power project.

Sakaka’s projects will be implemented by the Saudi Public Investment Fund (PIF) and SoftBank.

Earlier on Thursday, the King launched and inaugurated a number of projects in Al-Jawf region at combined investments of as much as SAR 839 million.

The Saudi King also laid the foundation stone of 65 projects in the Northern Borders Region at a total cost of SAR 10.53 billion ($2.81 billion).