New license for foreign petrochemical company in Jazan

The company said that the completion percentage the project of Jazan Economic City reached about 53%. (Archive)

Aramco announced the signing of an agreement with a foreign investor, which includes land allocation land in Jazan Economic City, for the production of pure Trifalic acid (PTA) and Poly Ethylene Terephthalate (PET).

The company said that the completion percentage the project of Jazan Economic City reached about 53% for the whole project and all its various facilities, industrial and services, stressing that the work is going on well and fast.

Aramco highlighted their contribution in employing five thousand young Saudi nationals from the Jazan region in the Economic City for various professions in industrial construction over the past four years of graduates of the three institutes, which were established in the cities of Abu Arish, Al Haqou and Al Darb. The economic city of Jazan, when finalized and operating all its functions, is expected to provide 75,000 direct and indirect jobs in the coming 25 years.

A number of qualifying and training initiatives have been launched to build a capable and qualified workforce of young people in the region to take up positions in these projects in all stages. The Jazan Training and Employment Contractors Alliance between “Saudi Aramco” and the General Organization for Technical and Vocational Training has been established.

The Royal Authority of Jubail and Yanbu has been appointed to manage and operate Jazan Economic City, according to the Royal Decree. The Authority has managed and operated the Economic City since the beginning of 2017. Aramco is completing the construction of the first phase of the city’s infrastructure and handing over to the Royal Authority after completion of the construction.

Aramco is currently building a beach for the city of Besh to serve the people of the region, about 1.7 km long, it contains a port for fishermen, recreational and green areas, a mosque, restaurants, as well as services and sports stadiums.

The city’s economic projects in Jazan include the Aramco refinery project, which will be the center of the city, it is considered to be one of the largest refinery projects in the world in the past 20 years, with its size, advanced technology, production capacity and integration to maximize value.

The refinery is designed to process more than 400,000 barrels per day of heavy and medium thickness Arab oil, to provide values for manufacturing industries and fulfill the needs of refined petroleum products for the region.

In addition to the power generation center, which includes the first laboratory in KSA to convert heavy petroleum liquids into clean purified gas and then produce electricity using high efficiency composite cycle technology with a capacity of 3900 MW.

This center will produce more than 2,400 megawatts of electricity for the national electricity network. Clean energy will be available in an economical, high quality and reliable method.

Last Update: Wednesday, 20 May 2020 KSA 09:49 - GMT 06:49