The CEO of Royal Commission in Jubail HE Dr. Mosleh Hamed Al-Otaibi received the Iraqi Minister of Oil HE Jabbar Al-Luaibi and his accompanying delegation in RCJ building on Wednesday in an official visit to be closely acquainted with the most prominent features of the industrial and investment renaissance in JIC.
Al-Luaibi stated, “JIC represents a successful pioneering experiment. We are proud of its advanced technologies and administrative experience which we aspire to transfer to Iraq”. He added "We are looking forward to attracting Saudi investments into Iraq given its large investment opportunities, abundant hydrocarbons, water and even human resources".
Al-Luaibi pointed out that since they overcame the most threatening challenges related to terrorism, they started a new phase of restitution and construction. He claimed that Iraq became an attractive and suitable investment environment especially in the South, Middle and North regions. Thus, he invited all Saudi investors to invest in Iraq given its promising investment potential.
Later, during his tour at the RCJ’s Visitor Center, H.E was introduced to the most prominent factors of success in the RC projects including the key elements of success in JIC such as the strategic location , geographic area, diverse industries, exceptional infrastructure and residential neighborhoods distribution in the city.
Then, SABIC, SATORP and SADARA companies presented live presentations regarding future investment and development plans being implemented at the fertile investment environment in JIC.