Saudi Arabia to spend $800 mln on land for Riyadh metro | Reuters

Saudi Arabia to spend $800 mln on land for Riyadh metro | Reuters:

"Saudi Arabia plans to spend about 3 billion riyals ($800 million) acquiring land in Riyadh to build the capital's first metro rail system, the official in charge of the project told Reuters.

"This is already budgeted and we are talking about 3 billion riyals compensation for the land to be acquired," said Ibrahim Bin Muhammad Al Sultan, president of the Arriyadh Development Authority, the state body handling the project.

"The land is already chosen and the teams already started the process three months ago.""

'via Blog this'