The Royal Commission for Jubail and Yanbu was established for constructing and developing two industrial cities in Jubail & Yanbu and for planning, constructing & operating the necessary infrastructure facilities in the two industrial cities. Encouraging private sector to take part in the building process of the two cities and providing technical training for Saudi manpower for the diversification of income resources was also amongst the intended goals of the Royal Commission.
Motivitad by the current and future trend of the government of the Kingdom of Saudi Arabia towards diversification of income resources by attracting foreign and national investments to develop a strong industrial sector that would provide job opportunities and consequently enhance citizens’ standards of living, the private sector is desirous of obtaining industrial land lots in Jubail Industrial City, but their needs for services and facilities exceed the present capability of the City. However, in response to the future industrial requirements, the Royal Commission has conducted studies and prepared the necessary plans to keep pace with the industries requirements on both, the short and long runs.
Accordingly, on the short run, the Royal Commission is developing the remaining areas in the Secondary Industries Park and is also reconsidering the areas allocated for the existing Primary Industries allocated areas to build new plants. On the long run, the Royal Commission has constructed a new industrial park (Jubail 2) to the west of the existing industrial park.
Following are some of the achievements of the Royal Commission in Jubail:
- Industrial growth rate reached 6% this year.
- Jubail Industrial City’s share of the world petrochemicals market is 7% of the gross world production.
- Jubail Industrial City’s non-petroleum share of the Gross National Product is approximately 11.5%.
- Approximately 70% of the Kingdom’s non-petroleum exports, come from Jubail Industrial City.
- Capital investments exceed SR. 237 billion.
- Foreign investments represent about 50% of the total investments in the Kingdom.
- The Royal Commission deals with investors through one stop shop.
- Jubail Industrial City is the best economic potential in the Middle East.