The Royal Commission at Yanbu has organized an introductory meeting on investment opportunities in Madinat Yanbu Al-Sinaiyah, in the presence of board chairman and members of Council of Saudi Chambers of Commerce on the sidelines of the 87th meeting of the council.
Alaa Abdullah Nassif, CEO of Royal Commission at Yanbu, delivered a speech in which he welcomed the visiting delegation and provided a brief overview of the Royal Commission establishment and its role in setting up the infrastructure of residential, industrial and commercial sectors in the city.
Nassif said that the Royal Commission industrial cities primarily participate in supporting the Kingdom’s economy.
They account for around 12 percent of Saudi Arabia’s Gross Domestic Product (GDP).
With active collaboration with global partners, committed capital investments at MYAS reached by SR266 billion the end of 2015 — SR34 billion are government investments and SR232 billion are private sector investments.
Nassif indicated that the economic indicators studies assure increase of industrial, commercial and residential investment returns at Madinat Yanbu Al-Sinaiyah.
Zaidan Mohammed Omar Yousef, director general of Strategic Planning and Investment Development, made a visual presentation on various investment opportunities at Madinat Yanbu Al-Sinaiyah.
Industrial complexes related to hydro- carbonic industries, spare parts, renewable energy and rubber, water desalination industries, multi-modal logistics hub as well as residential and commercial investment opportunities like residential complexes and commercial and health facilities, hotels, tourism and recreational buildings at the waterfront area.