Jubail City’s second industrial park is under development in the eastern port city of the Kingdom of Saudi Arabia, and will attract investment projects worth SR130 billion, according to a senior government official.
Crown Prince Abdullah bin Abdul Aziz, Deputy Premier and Commander of the National Guard, is expected imminently to lay the foundation stone for the multi-billion-riyal industrial city project, Jubail-II, according to Prince Saud bin Abdullah bin Thunayyan, Chairman of Royal Commission, which runs the twin industrial cities of Jubail and Yanbu. “The new industrial city will attract local and foreign investments worth SR130 billion and create around 55,000 new job opportunities,” the Royal Commission Chairman said.
Jubail-II is expected to provide an expansion facility for the industrialization of Jubail and the Kingdom for the forthcoming 25-30 years. The new industrial city, which is to be established by the Royal Commission, is situated about three kilometres to the west of the existing one. It will be developed in four stages, at an estimated cost of SR13 billion.
The Royal Commission will provide all required infrastructure facilities, including roads, gas, electricity, seawater cooling, drinking water, wastewater treatment, feedstock and product pipeline corridor to King Fahd Industrial Port, and port expansion. Utilities for the new industrial park will be extended from the existing park across Saudi Aramco’s 1.5-kilometre wide Kuwait Ras Tanura (KRT) corridor. The construction activities for site development and to extend the utilities across the KRT corridor will commence imminently.
Jubail-II is expected to have primary industries similar to Jubail City. Development of the first phase is expected to be completed by 2007 and the first industry may be operating by 2009, according to a report published today by Arab News.
Source: SPA
