Saudi Government announces $1.2bn Jeddah infrastructure investment
New criteria for the selection of projects reclassifies contractors based on the principle of efficiency
Saudi Arabia intends to spend $1.2 billion on infrastructure development projects in Jeddah.
The new investments are in addition to $719m worth of projects that are already underway, according to a report by Arab News.
The new investments will include the improvement of 60 unplanned neighbourhoods in Jeddah.
“The municipality has put in place several indicators to improve quality of life, and it is important to ensure that projects are set up based on these indicators. Today, we have about 40 distinguished projects in the accommodation sector along with most of the five-star hotels. Five more projects are being considered. In addition, we also have three tunnels under construction in Jeddah and two tunnels under study,” said Al Turki.
Speaking at the Makkah Region Economic Forum, Mayor Saleh Al Turki said that the new criteria for the selection of projects reclassifies contractors based on the principle of efficiency, eliminating those that are not equipped to carry out such projects.
Work is underway with the Public Transport
