Monday, 21 May 2018 12:12 GMT

Saudi Arabia to establish USD9.5b mining city

(MENAFN) Saudi Arabia has signed a USD9.5 billion contract for the construction of mineral city in Waad Al-Shamal, Saudi Gazette reported

The Saudi finance minister said the new city will focus on mining which is a "promising sector that started contributing to the national economy"

The project is expected to help diverse the kingdom's exports and further improve economic growth in the country and the region

The Ministry of Finance, Saudi Arabia's Public Investment Fund, the national Saudi Railway Company (SAR), the Industrial Development Fund and Sanabil Investment Company are involved in the development of the industrial city

Saudi Arabia to establish USD9.5b mining city

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