ECONOMY

Saudi King Salman inaugurates industrial projects in al-Jubail

A number of projects have been launched with investments exceeding SR216 billion involving Aramco, SABIC and their partners. (SPA)

Saudi Arabia’s King Salman Al Saud has inaugurated several industrial and developmental projects in Al-Jubail Industrial City, Saudi Aramco and the private sector.

Chairman of Royal Commission for Jubail and Yanbu Prince Saud bin Abdullah bin Thinayan spoke of the importance of Jubail Industrial City saying it “is the stronghold of industry and economy.”

He said that the Commission's pursuit for integration with its partners comes as the country goes through a transformation stage and has to increase productivity through facilities, capabilities and raw materials to competitive advantages that rely on skills, innovation and modern technology.

A number of projects have been launched with investments exceeding SR216 billion for each of the Royal Commission for Jubail and Yanbu and the companies of Aramco, SABIC and their partners of the giants of the global industry, and other facilities and companies of the private sector.

President of ExxonMobil Chemical Compan Neil A. Chapman also spokes during the inauguration of ceremonies.

“We in ExxonMobil Chemical Company, Inc are proud of being a reliable business partner in the Kingdom of Saudi Arabia for more than 85 years and one of the largest foreign investors in the Kingdom,” he said.

“Our relationships which spanned over decades with the two companies of Saudi Aramco and SABIC, and with the Royal Commission for Jubail and Yanbu have represented the cornerstone of our success here in the Kingdom, where our common projects represented in KEMYA, SAMREF and YANPET companies have achieved impressive results in providing opportunities for training and development at a global level in addition to rewarding career opportunities for thousands of young Saudis," Chapman added.

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Last Update: Tuesday, 29 November 2016 KSA 22:15 - GMT 19:15
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Saudi King Salman inaugurates industrial projects in al-Jubail
A number of projects have been launched with investments exceeding SR216 billion involving Aramco, SABIC and their partners
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