RIYADH, 20 November — Commerce Minister Osama Faqeeh has approved the establishment of Jeddah Holding Company with a capital of SR400 million. The company will undertake services related to the maintenance and operation of sewerage projects, water desalination units, roads, telephone networks, tourist resorts, residential and commercial complexes. The company’s establishment comes within the framework of the country’s policy to broaden the economic infrastructure and diversify the sources of national income in addition to creating more jobs for citizens. (SPA)