The industrial city of Ras al-Khair, located in eastern Saudi Arabia, has revealed $8.5 billion-worth (SAR31.9 billion) investment opportunities.
The Royal Commission for Jubail and Yanbu (RCJY) disclosed 20 investment opportunities in the fields of mineral industries.
The Commission is assigned to plan, promote, develop and manage petrochemicals and energy-intensive industrial cities through successful customer focus and partnerships with investors, employees, communities, and other stakeholders.
During a virtual seminar on Thursday to review investment opportunities, the RCJY explained that these are focused on mining industries such as iron, aluminum, and copper, as well as marine industries, industrial fertilizers, glass and silica, and energy equipment and services.
Investment in these fields is expected to provide more than 7,000 jobs, the Commission noted.
Director of the Business Development Department at RCJY Abdullah Yassin al-Eid said offering investment opportunities in Ras al-Khair Industrial City affirms the support and empowerment of industrial projects.
He pointed to RCJY’s involvement in preparing general and industrial plans to develop the city.
This aims at accommodating a group of industrial sectors specialized in mining industries, in an attempt to link Ras al-Khair's products to the manufacturing industries to achieve added value.
It would also enhance local content, as well as working to find and provide job opportunities for Saudi youth.
