Reviewing Investment Opportunities and Bilateral Economic Cooperation
The Dutch Counselor Meets Royal Commission Officials
HE Eng. Adnan A. Al-Alony, Acting Director General of the Royal Commission in Jubail, has received HE Mr. Menno Lenstra, the Royal Netherlands Counselor accredited to the Kingdom and his companions in presence of senior Royal Commission officials in Jubail.
Engineer Al-Alony briefed the guests on the concept of constructing Jubail Industrial City and about natural gas exploitation in industries. He expected the growth rate of investment by the private sector to increase in light of the positive improvement of the investment regulations, as well as the provision of natural gas to the City and keenness of HH Prince Saud bin Abdulah bin Thnayyan, Al-Saud, Chairman of the Royal Commission for Jubail and Yanbu, on the participation of international investments in the two Cities. He pointed out that the Royal Commission looked forward to expanding investment in the City and that many organizations had expressed their interest in investment whether from inside the Kingdom or from overseas. He also pointed out that (Jubail 2) was considered an extension of the industrial success that had already been achieved in Jubail 1 where the Royal Commission for Jubail and Yanbu had started developing Jubail 2 on an area of (62) square kilometers. This area was specifically selected because it is in close proximity to feedstock and infrastructure facilities in Jubail Industrial City which could be expanded to meet the needs of industrial growth.
Mr, Menno Lenstra expressed his happiness at this visit and said it followed a series of visits by Dutch officials in order to bolster economic and commercial ties and strengthen the Saudi – Dutch partnership in many different areas that were considered clear and successful in all standards. He pointed out that the Saudi – Dutch partnership was evident in Jubail through SASRIF Company Project. He further said that they were looking forward to more and larger Saudi- Dutch partnerships especially when they had the desire to take advantage of investment opportunities available in the Kingdom including Jubail Industrial City which was considered fertile climate for investment since investors were rendered every support and facilities. On the other hand, the industry could benefit from the Dutch expertise in the field of sea ports between King Fahd Industrial Port and the Dutch Port of Rotterdam.
Mr, Lenstra and his companions were briefed on the features of architectural and industrial progress in Jubail Industrial City during a tour of the exhibition sections of the Royal Commission. The tour included visits to SASRIF Company and Pipelines Company