Middle East Economic Survey

VOL. XLVIII

No 49

5-December-2005

SAUDI ARABIA

Naimi Inaugurates Mining Hub At Ras al-Zour, Rail Deal Signed

Saudi Oil Minister Ali Naimi on 27 November inaugurated a project to create a mining hub city at Ras al-Zour in the Eastern Province of the kingdom. In a statement, Mr Naimi said that the Saudi Arabian Mining Company (Ma'aden) would set up the Mining Industrial City, the first of its kind in the Middle East, at a cost of nearly SR30bn ($8bn), adding that its site...