I was talking on the phone to a Muslim brother who was telling me about the infrastructure projects that have been launched by Saudi Arabia and that have cost the country around 300 billion Saudi Riyals [SR] or US $80 million so far. Saudi Arabia intends to launch more projects over the coming five years and the budget for this may exceed 4 trillion SR or US $1.33 trillion. My friend also mentioned that such projects could serve as a means for developing the Sukuk market in Saudi Arabia, and he asked me to devote an article to this issue. However whilst checking my catalogue of articles published on this issue, I discovered that I had previously tackled this subject on a number of occasions. This is because I am very interested in developing and promoting this financial tool. In fact I wrote an article about development projects aiding the Sukuk market in 2006 entitled ‘Sukuk and the Railway Line Extension.’
*HERE*<http://1426.blogspot.com/2009/08/sukuk-malaysia-leads-waywith-more-than.html>