Massive projects for Jubail development to be unveiled
Prince Saud bin Thunayan, head of the Royal Commission for Jubail and Yanbu, said the upcoming projects worth an estimated SR1,000 billion are expected to be announced in the coming days.
The prince signed five contracts worth more than SR1.3 billion for the development of housing projects, academies, and technical institutes in Jubail Industrial City.
He said the commission is focusing on the development of secondary industries and manufacturers, adding that a number of ongoing programs which will support the strategy include schemes to conduct research, create awareness for investors, and develop the basic infrastructure for these firms.
He said a number of contracts were signed for the establishment of manufacturing industries in Jubail, which will add to the existing 70 or more manufacturing firms with investments worth about SR6 billion. Regarding the impact on the environment of Jubail Industrial City in light of the ongoing industrial expansions, and the penalties companies may face for violating any regulations, Prince Saud said all organizations must comply with regulations, and violating establishments may be forced to stop activities.
So far, the volume of investment in Jubail and Yanbu has reached SR900 billion, with more projects and investment opportunities in the pipelines.