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Tue 13 Mar 2012 03:30 PM

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KSA to spend US$12.5bn on Jeddah projects - report

42 projects have been completed and 127 are currently underway

KSA to spend US$12.5bn on Jeddah projects - report
Makkah governor Prince Khaled Al-Faisal said 42 projects out of 127 were complete.

Saudi Arabia says it will spend SAR47bn
(US$12.5bn) on 127 infrastructure projects in Jeddah in a bid to transform the
city into a regional hub, the governor of the kingdom’s Makkah province was
reported as saying.

At a meeting of the Regional Council this
week, Prince Khaled Al-Faisal said 42 projects have been completed and 127
projects are currently underway, the Saudi
Gazette
reported on Tuesday.

Al-Faisal was quoted as saying he believed
the investment will transform Jeddah into a major city in the Kingdom and the
region.

 He added
“a great deal of effort and money is going into the development of projects”.

However, Al-Faisal said there were still
some issues with project delays to be worked out. “You
saw last year and this year many road projects that were implemented. There are
some problems which need solutions, such as cleaning and the vegetable market.”

The meeting also
concluded a committee be set up to address issues within schooling, transportation,
healthcare and water provision.

In order to complete
these projects, the Jeddah Mayoralty says its needs more funding, the report
added.

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