Al Nassr crash out as Kawasaki Frontale reach AFC Champions League Elite final    Saudi and Jordanian foreign ministers discuss Gaza situation    HR Ministry approves regulations for job ads and interviews in private sector    Will US tariff hikes affect Saudi Arabia? Kingdom largely insulated as oil exports remain exempt and non-oil sectors gain a pricing edge    Mataf nearly empty as entry to Makkah restricted to Hajj visa holders    Cinema revenues account for SR845.6 million in 2024 17 Saudi films among 504 films screened    Saudi Transplant Congress discusses scientific advancements and innovations on organ donation and transplantation    Mawani and Alissa Universal Motors sign agreement worth SR300 million to establish Logistics Zone at King Abdulaziz Port in Dammam    4 Chinese nationals arrested in Makkah for promoting fake Hajj campaigns    Saudi Arabia urges India and Pakistan to de-escalate tensions    Trump congratulates Canada's Carney as they agree to meet in 'near future'    Sánchez vows to uncover reasons behind massive Iberian power outage    Al-Khereiji at BRICS: Saudi Arabia a reliable and neutral partner in endeavors for de-escalating tensions    Al Ahli stun Al Hilal to reach AFC Champions League Elite final    Saudi market shows resilience in Q1 2025 despite global volatility: Report    SR200,000 reward for each player of the Saudi club winning AFC Champions League title    William and Kate celebrate anniversary on Isle of Mull    HONOR KSA expands its presence with new flagship Experience Store in Riyadh HONOR's first flagship store in KSA provides visitors with a premium experience, exciting offers and free services    Rock & Roll Hall of Fame picks Outkast but not Oasis    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



King opens 242 projects worth SR216 billion in Jubail
Published in The Saudi Gazette on 30 - 11 - 2016

Custodian of the Two Holy Mosques King Salman inaugurated 242 industrial and development projects worth SR216 billion for the Royal Commission for Jubail and Yanbu, Saudi Aramco, Saudi Arabian Basic Industries Corporation (SABIC) and the private sector here on Tuesday.
The King also laid the foundation stone for the Economic Center in Jubail Industrial City.
Welcoming the King, Prince Saud Bin Abdullah Bin Thunayan, Chairman of Royal Commission for Jubail and Yanbu, said the Commission's pursuit for integration with its partners comes in the framework of its commitment to excellence.
"The Commission uses its facilities, capabilities and raw material to competitive advantages that rely on skills, innovation and modern technology making it possible to provide an attractive investment environment pushing the private sector to participate effectively and succeed in the localization of petrochemical, mining and manufacturing industries. This was confirmed by the success of SABIC as it was ranked 4th global petrochemical industry," he said.
Welcoming the King, Minister of Energy, Industry and Mineral Resources Khalid Al-Falih said: "Today our dear country under your wise leadership is anticipating tomorrow's promising features in the framework of the ambitious Vision 2030."
He said the "Plus Chemo" project, which is a world-class complex for chemical and manufacturing industries, is expected to attract quality investments estimated at SR20 billion and generate about 20,000 new jobs.
Neil A. Chapman, President of ExxonMobil Chemical Company, said that his company is proud of being a reliable business partner in the Kingdom for more than 85 years and one of the largest foreign investors in the Kingdom.
"Our decades-long relationship with Saudi Aramco, SABIC, and Royal Commission for Jubail and Yanbu represents the cornerstone of our success here in the Kingdom, where our common projects in Al-Jubail Petrochemical Company (Kemya), Saudi Aramco Mobil Refinery (SAMREF) and Yanbu Petrochemical Company (Yanpet) achieved impressive results in providing opportunities for training and development at a global level in addition to offering career opportunities for thousands of young Saudis," he said.
He said the Kemya company successfully achieved the Saudi rubber project with investments worth SR13 billion. It will produce specialized rubber products, enhancing the diversification of the Kingdom's economy in line with the its Vision 2030.
Executive President of Total Company Patrick Bojan the joint venture of the Satorp Complex with Saudi Aramco in Jubail includes a refinery and a petrochemical facility with investments worth $13 billion.
President and Chief Executive Officer and Chairman of Dow Chemical Company Andrew N. Liveris said, "We have been dreaming of this day and we are working to achieve it for nearly a decade."
He said that 26 manufacturing units affiliated to Sadarah will have a combined production capacity of more than 3 million tons of plastics with a high value, performance and specialized chemical products per year.


Clic here to read the story from its source.