|
Saudi Arabia to improve own economy
Saudi Arabia, Economics, 6/5/2001
The Saudi foreign minister prince Saud al-Faisal has described the gas agreement his government signed on Sunday evening in Jeddah with 8 world oil companies as aiming to expand the area of the Saudi economy and to find out job opportunities to Saudi citizens through increasing investments.
The Saudi foreign minister who supervised the process of negotiations with the world companies expected in a statement that the investment bids proposed by the international companies to make a fundamental change in the Saudi economy through the indirect investments resulting from developing the gas sector.
The Saudi government had signed with 8 international oil companies an agreement to develop three giant gas projects in Saudi Arabia including the development of the sector of gas and electricity, desalinization of waters and petrochemical industries, estimated at a cost of USD 30 billion.
Previous Stories:
French economic delegation arrives in al-Riyadh
(5/19/2001)
Agreement on Saudi oil refining in Egypt
(5/15/2001)
Saudi Arabia to reduce foreign labor
(5/9/2001)
Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.
|
Advertise on ArabicNews.com. MyFlowers.com sold more than $2700 of flowers in one month advertising on ArabicNews.com! Make your company, and products a success. Special rate for new and small business. Inquire!Advertising Info
|
