Saudi Arabia to invest 2.64 bln riyals in Gulf island
- Country:
- Egypt
Saudi Arabia will invest 2.64 billion riyals ($702.6 million) in its Tarout Island in the Gulf, state news agency SPA reported on Thursday.
Development of the 32 sq km island inhabited by 120,000 will focus on its tourism, heritage and environmental advantages, SPA said. ($1 = 3.7573 riyals)
ALSO READ
-
US Approves Potential Sale of F-35 Jets to Saudi Arabia, Shifting Middle Eastern Power Dynamics
-
Middle East Tensions Threaten Global Oil Supplies
-
Middle East Unrest: Yemen Crisis Fuels Oil Supply Fears
-
US Eyes Controversial F-35 Deal to Bolster Saudi Defense
-
Sky High Deal: US Approves F-35 Sale to Saudi Arabia
Google News