14/10/2015
SR900bn investments locally
Since the establishment of the Royal Commission for Jubail and Yanbu (RCJY), it was blessed with the care and support of all kings till this day under the reign of Custodian of the Two Holy Mosques King Abdullah.
This support has enabled the expansion and the development of the Royal Commission in different fields and achieved a total of SR900 billion investments locally.
Plants in the cities of the Royal Commission have exceeded 620 and the number of essential products has reached 98 products. All have contributed to the localization of technology.
Under this rapid expansion, the number of residents in the industrial cities of Jubail and Yanbu reached 300,000 while the number of employees in all sectors totaled 175,000. There are 70,000 students at public schools and academic institutions.
In response to the king's wishes to employ the youth of the Kingdom, the Royal Commission has requested the approval on establishing four colleges for males and females, and two technical institutes in Jubail and Yanbu industrial cities. The commission gave the approval.
King Abdullah has also approved raising the capacity of colleges and institutes belonging to the commission, which has caused a 700 percent jump in the percentage of enrolled students. The number of students enrolled in the eight academic institutions belonging to the RCJY has reached 70,000.
The Eastern Province has had many economic projects in the era of King Abdullah. Most of these projects have come up during his visits to the province.
Jubail Industrial City was honored on April13, 1999 by the visit of King Abdullah when he was a crown prince then. In that visit, the king achieved the dream of the city’s residents and villages nearby by opening the College of Education for girls to complement the educational system of the city.
He also inaugurated the expansion projects for SAFCO and laid the foundation stone for the expansion of Sharq Company and Kemya Company. He opened Al-Razi Company plants number 3 and 4.
On Oct. 14, 2002, King Abdullah inaugurated and laid the foundation stone of 13 new developmental and industrial projects at a cost of more than SR30 billion. Also, on Dec. 25, 2004, he laid the foundation stone of Jubail II grand project and a number of industrial projects at cost of SR64 billion.
During his visit on June 12, 2006, King Abdullah laid the foundation stone and launched a number of projects for the RCJY, including Saudi Basic Industries Corporation (SABIC) and private sector companies valued at more than SR82 billion.
On April 28, 2009, King Abdullah laid the foundation stone and launched 29 developmental and industrial projects executed by the Royal Commission, including for SABIC and private sector companies totally valued more than SR68 billion. The commission is a major contributor to the GDP of the Kingdom by 12 percent while it contributes 65 percent or two-thirds of the domestic industrial output.
The exports of the cities of the RCJY constitute more than 71 percent of the total of Saudi exports while the nonoil exports of the Royal Commission cities make 85 percent of the total of the Kingdom’s nonoil exports.
As an extension of this success, Saudi Arabia was ranked the 10th country at the level of oil derivatives producing countries globally and the 7th country at the level of petrochemical producing countries in the world. The Kingdom produces eight percent of the global total.
New projects
As an extension of government’s unlimited support and care that the Royal Commission receives from the king, the custodian of the two holy mosques inaugurated and laid the foundation stone of a variety of major industrial and developmental projects belonging to the Royal Commission, including SABIC and private sector companies in Jubail and Yanbu industrial cities on Aug. 1, 2013. The total cost of these projects is SR327 billion.
The Royal Commission’s projects came as an addition to what has already been accomplished in the infrastructure sector and the provision of a decent life for the residents of the cities.
On the architectural level, the RCJY was able to make a quantum leap in Jubail Industrial City, especially Jubail II area in which the locations and basic equipment were developed to accommodate the requirements of big industrial complexes such as sea water and fresh water cooling system, pipelines for handling products, industrial and health sewage system, electricity, gas and road networks, and areas designated for logistic needs and supplies.
Jubail II project
The RCJY was able to attract an estimated total investment of SR142 billion and the number of specialized factories in the region reached 16, including huge industrial complexes for petrochemical and derivatives products such as Saudi Aramco, French Company Total Refining and Petrochemical Company (SATORP), which is the first fully convertible refinery in the Kingdom that produces 400,000 barrels per day and Sadara Chemical Company, an alliance between Saudi Aramco and Dow Chemical company, that will produce many chemical materials such as amines, glycol ethers, isocyanates, polyether polyol products, polyethylene, elastomrat polyolefin (synthetic rubber).
Jubail II will host a gas company and United Petrochemical Manufacturing Company. Work is currently under way to attract more major manufacturing industrial complexes in coordination with partners.
For the Yanbu II project, the RCJY attracted a total of SR11.7 billion investment. Titanium dioxide, iron, solar system products (polysilicon, sheets and templates), lubricating oils and automobile oils of all types will be produced in Yanbu II plants.
Many companies have already begun their investments in Yanbu II projects such as Saudi Aramco Base Oil Company (Lubreef), National Company for Titanium Dioxide (Cristal), Al Yamamah Steel Industries Company, Alhamrani FUCHS Petroleum, IDEA Polysilicon Company, Green Gulf Polysilicon Company, desalination and spare parts industries and Alkhorayef Group
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