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Saudi king launches $8 billion in development projects in capital

Reuters  |  RIYADH 

RIYADH (Reuters) - Saudi Arabia's King Salman launched projects worth 29.9 billion riyals ($7.97 billion) on Wednesday in the capital Riyadh, the latest in a series of high profile investment announcements that signal support for his son and heir.State TV showed King Salman and his son Crown Prince Mohammed bin Salman listening to a briefing on the development projects in areas ranging from healthcare, education and housing to public transportation and state services.In addition to the 360 new projects announced on Wednesday, the king proclaimed the opening of 921 other projects already built ...

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First Published: Thu, February 14 2019. 01:16 IST
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