09/03/2011
Jubail and Yanbu investments soar to SR676bn
Chairman of the Royal Commission for Jubail and Yanbu, Prince Saud bin Abdullah bin Thunayan addressing the forum on Tuesday.
The chairman of the Royal Commission for Jubail and Yanbu, Prince Saud bin Abdullah bin Thunayan, addresses the forum on petrochemical and mineral downstream industries in Yanbu on Tuesday.
The two cities of Jubail and Yanbu attracted investments worth SR146 billion last year, taking the total amount to SR676 billion, a top official said.
The chairman of the Royal Commission for Jubail and Yanbu, Prince Saud bin Abdullah bin Thunayan, also said that the huge investment projects would create more jobs in downstream industries.
Prince Saud made the announcement as he opened a two-day forum on petrochemical and mineral downstream industries in Yanbu on behalf of Custodian of the Two Holy Mosques King Abdullah.
Prince Saud pointed out that the huge investment projects would add more value to national economy.
A number of top ministry officials and key private sector personalities are taking part in the forum.
The first session discussed the challenges facing the development of the downstream industry and the impact of innovative chemical industry on the downstream industry.
The speakers included King Abdul Aziz City for Science and Technology (KACST) President Dr. Muhammad bin Ibrahim Al-Suwaiyel, Saudi Arabian General Investment Authority (SAGIA) Gov. Amr Al-Dabbagh and SABIC Deputy Chairman and CEO Mohamad Al-Mady.
Ben Van Beurden, president chemicals, Royal Dutch Shell and James D McIlvenny, Group Vice President, Mega Projects, The Dow Chemical Company were also among the speakers.
Prince Saud opened the exhibition at the end of this session and toured various pavilions.
