05Jul2005 Crown Prince Inaugurates Developmental Projects In Yanbu

Yanbu, Saudi Arabia, 5 July 2005

Crown Prince Abdullah bin Abdulaziz, the Deputy Premier and Commander of the National Guard, inaugurated here today the ceremony of laying the foundation stones for Yanbu 2 Giant Project and a number of developmental and industrial projects in Yanbu industrial city.

The Crown Prince also handed ownership documents for residential homes built by Prince Abdullah bin Abdulaziz Developmental Housing Foundation for His Parents.

Upon arrival at the venue, the Crown Prince was received by Prince Miqren bin Abdulaziz, the Governor of Madinah Region, and Prince Saud bin Abdullah bin Thinayyan Al Saud, Chairman of Jubail and Yanbu Royal Commission.

The Crown Prince chaired a meeting of the Commission's board of directors.

In a press statement following the meeting, Prince Saud bin Abdullah bin Thinayyan Al Saud said that the Crown Prince praised the efforts of the Saudi youth in helping with the Commission's achievements. The Crown Prince noted that the Commission has succeeded in creating a fertile climate for investment in the two industrial cities and in providing thousands of job opportunities for citizens. The Crown Prince also commended the private sector for its active participation in the progress being witnessed by the Kingdom, also lauding the great leaps achieved by Saudi Basic Industrial Corporation (SABIC).

The meeting was attended by Prince Miteb bin Abdulaziz, the Minister of Municipal and Rural Affairs; Prince Miqren bin Abdulaziz, the Governor of Madinah Region; Dr. Ibrahim Al-Assaf, the Minister of Finance; Dr. Hashim Yamani, the Minister of Commerce and Industry; board's members and a number of officials.

A speech ceremony was held on this occasion.

Prince Saud bin Abdullah bin Thinayyan also announced SABIC's donation of SR 5 million to establish a park in Yanbu Al-Bahr City, and donations by other companies to another project in Yanbu City.

Then the Crown Prince attended a luncheon held in his honor on this occasion.

The ceremony and the luncheon were attended by a number of princes, ministers and senior officials.

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