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Makkah to build second industrial city
- Saudi Arabia: Sunday, September 16 - 2012 at 11:08
The Makkah Chamber of Commerce has announced a second industrial city is to be built in the holy city, Arab News has reported. To be operational by 2016, the city will have an initial capital investment of SR50m which will grow to more than SR1bn in 10 years, said the chamber's board member Saad Al-Qurashi. "The city will house 50 factories and provide more than 4,000 jobs for young Saudi men and women," he said. The new factories will concentrate on the production of souvenirs, the market for which is worth an annual SR11bn, said Al-Qurashi. "Once the factories start producing, the kingdom will no longer have to import Haj gifts from India, China and Southeast Asia," he said.
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StaffSunday, September 16 - 2012 at 11:08 UAE local time (GMT+4)
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