King Salman to launch development projects worth US$ 1.3 bn
Posted on 23rd June 2016
Saudi's King Salman is scheduled to launch development projects worth $1.3bn (SAR5bn) during his second official visit to Madinah since his ascension to the throne.
These include projects in the health, education, cultural, and electricity and water services fields, according to Saudi Gazette.
King Salman will launch a number of new projects in the Islamic University worth $224m (SAR843m), including sport halls, teaching staff housing, new buildings for the deanship for admission and registration, deanship of students affairs, laboratories for applied and scientific faculties, a building for Islamic Research Centre, a building for the faculty of Arabic language, several multi-story car park buildings, the university’s gates and fences, and development operations for the infrastructure.
The education projects, King Salman is expected to launch are worth $91m (SAR341m), and include 45 new education buildings – 25 of which are education projects for boys at a cost of $46.3m (SAR174m) and 11 of which are education projects for girls at a cost of $20.5m (SAR77m).
Three education projects are slated for Al-Hinakiyah, three for Wadi Al-Far’ governorate, six for Khaibar, and five for Badr.
In addition, King Salman will launch a package of projects worth $184m (SAR693m) in Taibah University, including higher administration buildings, community college, and women students’ faculties in the university’s branches in Yanbu and Al-Ula.
King Salman is also scheduled to launch strategic storage projects worth $62.6m (SAR235m) during his visit. The projects have a water storage capacity of three million cubic metres.
They are among the most important pillars and priorities for achieving water security and providing sufficient quantities of water to meet the consumption needs in the province, and will coincide with the launching of a series of water and sanitary drainage services projects, according to Constructionweekonline news report.
King Salman will launch new services projects for Saudi Electricity Company in the province worth $266m (SAR1bn). They include a plant in downtown Madinah; transforming plants in Uhud, and others.
Municipal projects worth $266m (SAR1bn) are also scheduled to be launched, and King Salman is expected to reveal plans for the $110m (SAR415m) 500-bed Madinah General Hospital.Back to all Construction News
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