Saudi Arabia to invest $10 billion in local infrastructure projects

Clouds move over the Riyadh skyline November 17, 2013. Picture taken November 17, 2013. REUTERS/Faisal Al Nasser

Sept 24 (Reuters) - Saudi Arabia will invest 40 billion riyals ($10.6 billion) in developing local infrastructure projects in 11 cities, state TV reported on Saturday citing the Ministry of Municipal and Rural Affairs and Housing.

($1 = 3.7620 riyals)

Reporting by Nayera Abdallah; Editing by David Clarke

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