Bloomberg News

Saudi Arabia Signs Agreements for Gulf Industrial City, SPA Says

March 04, 2012

Saudi Arabia’s Royal Commission for Jubail and Yanbu signed four contracts for the 5 billion riyal development ($1.3 billion) of the Ras al-Khair industrial city on the Persian Gulf, the official Saudi Press Agency reported, citing the signing ceremony.

Saudi Arabian Mining Co. (MAADEN) and the Saline Water Conversion Corp. were among four companies that won contracts for the industrial city on the eastern coast of Saudi Arabia, the news service said.

To contact the reporter on this story: Glen Carey in Riyadh at gcarey8@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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