During their visit to RC building yesterday morning, a German trade delegation discussed available investment opportunities in Jubail Industrial City with RC's investment officials. The delegation viewed RC's plans and efforts exerted in this regard, mechanisms of investment in the city and facilities provided for companies for establishing new factories in the Kingdom.
"The delegation came to the Kingdom of Saudi Arabia from Rhine-Westphalia State, the largest region in Germany, and one of the most important industrial areas with the highest gross domestic product in Europe" said the German Industry and Trade Commissioner in KSA, Bahrain and Yemen, Mr. Andreas Hrzinrotr.
He also indicated that the Commission has been propagating Jubail Industrial City as an economical attraction for years. It had lately opened its second office in the Kingdom in Jubail at the beginning of 2014, manned with two employees working side by side with the Commission office in Riyadh- with the aim of propagating RC as an economical attraction for Technology Transfer.
The delegation also listened to a detailed explanation about the rise of Jubail Industrial City, challenges faced and investment opportunities in the industrial area. Official Saudis explained that Jubail Industrial City is considered a fertile soil for Saudi and Foreign investments disclosing the availability of giant infrastructure and capabilities provided by RC to assist investors in Jubail. The expansion of JIC through Jubail 2 is considered a great success for R.C. in attracting investments.
In addition, the delegation watched the documentary film that narrates Jubail's story since the beginning, and they toured among different sections of the exhibition where they learned more about Jubail and the most notable achievements and gains. At the end of the visit the delegation members were very grateful for RC's officials for their hospitality and they expressed their admiration of the achievements they've witnessed.
It is worth mentioning that the Royal Commission in Jubail receives more than 600 trade and industry delegations annually where many different investment opportunities for establishing huge petrochemical industries, downstream industries that make use of raw materials produced by basic industries, support industry establishments that provide needs and services in industrial and residential areas and commercial establishments that produce other products for export and local consumption.