Publication Date:
Mon, 2011-06-13 20:44
Saudi Arabia’s cabinet approved the 25-year, interest-free loan “to cover the fiscal deficit expected for the implementation of electrical projects urgently needed during 2011 and 2012,” SPA said in a statement.
Saudi Arabia plans to invest $88 billion over the next 10 years to boost power capacity as demand for electricity continues to grow 7-8 percent annually, the kingdom’s water and electricity minister said last month.
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