Middle East Economic Survey

VOL. LIII

No 33

16-Aug-2010

SAUDI ARABIA

Saudi Arabia Approves $385Bn Development Plan

The Saudi Council of Ministers on 9 August endorsed the ninth five-year development plan (2010-14) which envisages the expenditure of SR1,444bn ($385bn) on various infrastructure and welfare projects, an increase of 67% over the total allocations in the previous plan. Presiding over the councils meeting King Abd Allah stressed the need for the implementation of projects in the plan...