The Custodian of the Two Holy Mosques King Abdullah inaugurated a Number of Industrial and Development Projects in Jubail Industrial City with Investments exceeding SR 54 billion.
The Custodian of the Two Holy Mosques King Abdullah Bin Abdulaziz Al-Saud Patronized the great ceremony which was held by the Royal Commission for Jubail and Yanbu, SABIC Co., MARAFIQ Co., and private sector companies, and launched massive development and industrial projects in Jubail Industrial City with total investments exceeding SR 54 billion.
On arrival, the king was received by Eastern Province Gov. HRH Prince Mohammad bin Fahd; Chairman of the Royal Commission for Jubail and Yanbu (RCJY) HH Prince Saud bin Abdullah bin Thanyyan; HH Deputy Gov. Prince Jalawi bin Abdul Aziz bin Mosaed; Jubail Gov. AbdulMohsin Al-Otaishan; HE Director General of the Royal Commission in Jubail, Engineer Jassim Al-Hejji and Vice Chairman and CEO of SABIC Eng. Mohammed Al-Madi and a number of officials.
After that the Royal Saudi National Anthem was played.
Then, the senior officials of the Royal Commission for Jubail and Yanbu, SABIC Co., MARAFIC Co., and private sector companies had the honor to greet the Custodian of the Two Holy Mosques.
The Custodian of the Two Holy Mosques was briefed on education and training programs in RCJY colleges and institutes by Jubail Industrial College Director Dr. Musleh H. Al-Otaibi. His Majesty then watched diagrams showing RC efforts in this area.
As soon as the Custodian of the Two Holy Mosques was seated in the VIP designated area, the ceremony started with verses from the Holy Quran.
H.H. Chairman of the RC for Jubail & Yanbu delivered a speech saying
Our world currently lives sharp economic crisis, where specialists agreed on the importance of governments role in slowing its pall and alleviating its effects. HH Chairman of the Royal Commission for Jubail and Yanbu, added in our country we can feel, on ground, evidence of the effective role of the government in dealing with the economic crisis, one conspicuous example is the great interest to get the maximum benefit from the state resources by allocating the biggest budget for development in the history of the country
HH highlighted that with the support and personal follow up from the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al-Saud, Jubail and Yanbu, just like other cities of the Kingdom witness many mega projects. The total value of active projects in Jubail Industrial City exceeds SR 174 billion and many of which will be inaugurated today with investments of more than SR 54 billion. This is deemed the largest dedication ceremony in the history of RCJY.
HH emphasized RC care to train national manpower which is the top focus of the Custodian of the Two Holy Mosques. The RC has assumed the responsibility of preparing and training human resources to manage and operate such huge projects. Your Majesty, these are the projects in Jubail Industrial City. There are other huge projects, in Yanbu Industrial City, on top of which is (Yansab) project which is one of the largest industrial complexes in the world. We look forward to your kind visit to dedicate it God willing. H.H. added Living in your glorious period, we can but remember with mercy and forgiveness the builder of this great state, King Abdulaziz (God have mercy on him) and his sons, King Saud, King Faisal, King Khaled who laid the cornerstone for this huge project and the Custodian of the Two Holy Mosques King Fahd who played a major role in RC achievements ( May Allah have mercy on their souls).
HH ended his speech by asking Allah to grant the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al-Saud a long life and to grant HRH the Crown Prince, First Deputy President of the Council of Ministers, Minister of Defence and Aviation and Inspector General a robust health; and asked Allah to grant success to prince Naif bin Abdulaziz, Second Deputy President of the Council of Ministers.
HH Chairman of RC also extended to HRH Prince Mohammed bin Fahd bin Abdulaziz, Governor of Eastern Province and his Deputy Governor Prince Jalawi bin Abdulaziz bin Mosaed his thanks and gratitude for their support of RCJY. He also thanked RC and SABIC former and current employees who enormously contributed to establishing of this great national achievement.
HH praised the excellent cooperation received from all relevant government ministries, departments and entities which enabled the implementation of all established plans. He also praised private sector participation which met the expectations of the Custodian of the Two Holy Mosques.
After that, SABIC Vice Chairman and Chief Executive Officer Eng. Mohammed H. Al-Madi delivered a speech in which he welcomed the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al-Saud in Jubail Industrial City, extending his appreciation and gratitude to the Custodian of the Two Holy Mosques and Saudi government for their unlimited support for SABIC Co. which enabled it to cross borders and, become one of the five leading international petrochemical companies with record time of not more than thirty years.
He pointed out that SABIC had proved the potential of the national economy despite the difficult global economic condition, stressing that it is one of the pillars of the national economy and that the company would emerge from this crisis more powerful because it stood firmly on solid grounds topped by manpower it had and the consistent principles that helped the company's employees all the way.
Engineer Al-Madi stressed the company's interest in highly training and qualifying human resources and the company spent a lot on scientific research to enhance its competitive ability and cooperated with all Saudi universities and King Abdulaziz City for Science and Technology in addition to its research centers around the world, which produced thousands of patents and hundreds of new products which include, but are not limited to, developing a new type of plastic that replaces glass in car industries and another new type of plastic that makes cars lighter and stronger.
SABIC Vice Chairman and Chief Executive Officer said: We are currently constructing SABIC Development and Knowledge Center that aims at training future SABIC leaders at all levels and in all fields of knowledge in cooperation with the best local and international universities.
He said that SABIC is keen to play a prominent role in the area of social responsibility and will increase its participation in community service programs, including establishing the High Institute for Plastic Industries in Riyadh and SABIC Plastic Applications Development Center that would be located in King Saud University and supporting Disabled Children Society, Prince Fahd Bin Salman Society for the care of patients with renal failure and other cultural and charitable projects, which reflect SABIC's belonging to the Kingdom of Humanity.
Engineer Al-Madi expressed his gratitude to His Majesty for inaugurating today the two expansion projects for Eastern Petrochemical Company (Sharq) and Saudi European Petrochemical Company (Ibin Zahr), subsidiaries of SABIC. After that, Mr. Maher Al-Sharhan, President and CEO of Marafiq Company, gave a speech in which he said:
Your Majesty, achievements come one after another during your era and we are honored with your visit today which emphasizes Your Majesty's habit of checking your subjects' conditions and needs which is a great honor to us, and is a memorial day of our industrial growth.
He further said:Not too long ago, you laid the cornerstone for Power and Water Utility Co. for Jubail & Yanbu and announced its launching. Today, it has been classified as the largest Independent Water and Power project in the world with production capacity of (2,750) MW and (800,000) cubic meters of potable water per day and will provide electricity services for Jubail Industrial City and will also provide desalinated water to Eastern Province cities and towns.
Mr.Al-Sharhan pointed out that by joint efforts of those in charge of the project and government support, the project was completed in a record time in less than twenty-four months. He added that the construction cost of the main project and accompanying projects amounted to SR 16 billion, the largest financing in the region, which made it receive the projects award in the Middle East and the Mediterranean.
The President and CEO of Marafiq Company said that the King's inauguration of this project, launching the Plant and starting production are the crowning of the company's success as these will enhance power and water production projects to be able to meet the growing citizen and expatriates needs of electricity and water and to meet industrial, commercial and residential requirements as well as creating hundreds of job opportunities and giving national competent people full opportunities to fill these posts and lead the company. Mr. Al-Sharhan praised the substantial support by the government to Power and Water Utility Co. for Jubail & Yanbu, which greatly helped in completing this mega project in a short period in addition to the support received from a number of entities concerned which contributed to attaining such success for this mega project.
Marafiq Company President and CEO ended his speech by thanking the Custodian of the Two Holy Mosques, HRH the Crown Prince and HRH the Second Deputy President of the Council of Ministers for their great support and continuous follow-up of projects across the Kingdom.
After that, His Majesty and their Royal Highnesses and attendees watched an electronic presentation on the projects. Then, His Majesty pressed the button to mark the formal opening of the water and power plant which is the largest desalination and power plant in the world carried out by Marafiq Company.
Then His Majesty watched an electronic presentation on SABIC projects. Then, His Majesty pressed the button to mark the formal opening of these projects. After that, the beloved King watched an electronic presentation on the projects.
After that, the King listened to a recorded briefing for President of Saudi KAYAN Petrochemical Company Engineer Abdullah S. Al-Rabea'a about the stages completed up-to-date amounting to 75 % of project works.
Then the two children who participated in presenting the visual show and projects inauguration had the honor to greet His Majesty King Abdullah.
After that, His Majesty attended the lunch banquet hosted in His Majesty's honor.
Then memorial photos of the King, with senior officials of the Royal Commission for Jubail and Yanbu, SABIC, Marafiq and private sector companies were taken.
Subsequently, the Royal Saudi National Anthem was played.
Then the custodian of the Two Holy Mosques King Abdulah bin Abdulaziz Al-Saud left the ceremony location with farewell wishes as he was received with welcome wishes.
The speech ceremony and the banquet were attended by HRH Prince Naif bin Abdulaziz, Second Deputy President of the Council of Ministers, Minister of Interior and HRH Prince Abdul Ellah bin Abdulaziz advisor to HM the King, HE Sheikh Ahmed Mohammed Al-Khalifah, Bahraini Minister of Finance and HE Sheikh Ali Jarrah Al-Sabah the Deputy Minister of Amiri Devan Affairs of Kwait, their Royal Highnesses the princes, their excellencies the Ministers and civilian and military senior officials.