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Pontiff says an increase in foreign aid could help stem the flow of refugees and migrants seeking to enter Europe
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Saudi Arabia to Spend $400 Billion on Infrastructure Projects
DUBAI - Saudi Arabia, the world’s largest supplier of oil, plans to spend $400 billion on infrastructure projects in the next five years as the kingdom seeks to benefit from lower construction costs amid the global financial crunch.
“We are talking now about much less construction cost because of the drop in the prices of steel, cement and other building materials,ì Saudi Arabian General Investment Authority Governor Amr Al Dabbagh said in an interview in Davos, the Swiss Alpine resort that hosted the World Economic Forum.
Saudi Arabian companies have cut steel and commodity prices as the first simultaneous recession for six decades in the
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