The government of Saudi Arabia will issue bonds this year to pay for upgrades to the airports of Riyadh and Jeddah.
In an interview with Al Arabiya televisions, finance minister Ebrahim Al Assaf said his ministry will look for private investment to follow the $4 billion from Islamic bonds (Sukuk) it raised in 2012.
“The rest of the bonds for King Abdul Aziz Airport in Jeddah and King Khalid Airport in Riyadh will be issued this [coming] year,” confirmed Al Assaf .
The bond for King Abdulaziz Airport in Jeddah is expected to exceedd $7 billion.
