RCJY eyes over SAR 100 bln investments in next 2 years

Khalid Al-Salem, Chairman of Royal Commission for Jubail and Yanbu

The Royal Commission for Jubail and Yanbu (RCJY) is currently considering investments worth more than SAR 100 billion, expected to be achieved within the next two years.

The commission aims to double private sector investments by 2030, which stood at SAR 1.1 trillion by the end of H1 2022, Chairman of RCJY Khalid Al-Salem told Al Arabiya TV in an interview.

Shareek Program, launched by Crown Prince Mohammed bin Salman, aims to pump SAR 5 trillion until 2030. The program covers 24 companies, out of which 11 are located in RCJY region; thus, in line with this vision, the commission aims to double investments by 2030-end, Al Salem added.

He also indicated that the commission aspires to attract the shipbuilding industry, manufacturing industries for rubber, aluminum and automotive assembly, in addition to new mining industries in the cities of Ras Al Khair and Jazan, including the manufacture of copper, zinc, steel coils, casting and forming metals, and soda ash, as well as expanding the petrochemical and food industries.