JEDDAH: The eastern industrial city of Jubail will soon see the establishment of 16 mega industrial projects involving a capital investment of SR104 billion, the Royal Commission (RC) for Jubail and Yanbu said in a statement Wednesday.
"The new projects would not only boost the Kingdom's economy but also create 7,188 direct jobs," the statement said, adding that the new industries would cover an area of 11.26 sq. km.
The projects include four industrial complexes of Arab Petrochemical Company, an affiliate of SABIC, involving an investment of SR16.88 billion in addition to an Aramco industrial complex requiring a total investment of SR68 billion, the RC said.
The National Industrial Gas Company of SABIC is building a plant in the city with an investment of SR7 billion while Saudi Acrylic Company will set up a plant investing SR4 billion.
"We have allocated land for all these investment projects in 2010," the RC said.
RC highlighted the twin industrial cities' role in drawing large-scale foreign investment. "There are 42 industrial complexes in Jubail and Yanbu with a total investment of SR676 billion and an annual production capacity of 103 million tons," it added.
The Royal Commission is now developing another industrial complex in Ras Al-Zour for mineral, chemical and fertilizer industries including an aluminum smelter.
Custodian of the Two Holy Mosques King Abdullah opened the first phase of Jubail-II industrial city project in June 2006. The new city is estimated to attract industrial projects worth SR210 billion and create more than 55,000 jobs.
© Arab News 2011
