Saudi Arabia announces more new projects in royal investment spree | Reuters

Saudi Arabia announces more new projects in royal investment spree | Reuters:

Saudi Arabia’s King Salman announced $3 billion in investment projects on Tuesday, the latest in a royal spending spree as the ruling family seeks to shore up support during a crisis over the murder of a journalist last month.

King Salman inaugurated 151 projects in the northern province of Tabuk valued at more than 11 billion riyals ($2.9 billion), the Saudi state news agency SPA reported.

The king, 82, has been meeting citizens and launching development projects over several weeks on a domestic tour that has already included stops in Qassim and Hail provinces, north of the capital Riyadh.