Middle East Economic Survey

VOL. LII

No 30

27-Jul-2009

SAUDI ARABIA

Saudis Focus Efforts On Economic City Drive

The global economic recession will not sabotage the Kingdoms efforts to build a series of economic cities in a bid to create employment and diversify the Saudi economy, the programs planners at the Saudi Arabian General Investment Authority (Sagia) insist. But while no official will concede as much, it appears that the $27bn King Abd Allah Economic City (KAEC) is being prioritized....