In cooperation with the Royal Commission for Jubail and Yanbu
Asharqia Chamber highlights investment opportunities in Jubail Industrial
Asharqia Chamber, represented by the Jubail Business Council, on Thursday, October 8, 2020, shed light on investment opportunities in Jubail Industrial City, during a remote meeting in which the Director of the Business Development Department of the Royal Commission for Jubail, Engineer Abdullah bin Yassin Al-Eid, attended the meeting, and the meeting was moderated by the Chairman of the Jubail Business Council Eng. Fawaz Faleh Al Hajri.
Al-Eid said that the volume of investments in the city amounted to about 518 billion riyals, including 481 billion industrial investments, 26 billion residential investments, and 11 billion commercial investments. He pointed out that the total number of workers in the city amounted to about 105,000 workers, which highlights the importance of the industrial sector in the localization of labor, and he referred to the Plascom Plastic Complex and the various investment and employment opportunities it contains, indicating that it is an initiative by the authority and its strategic partners to create an integrated assembly for manufacturing industries that includes three main sectors: organic chemical industries, complex and transformational industries, and that the authority has spent on its infrastructure and services needed towards 842 billion riyals.
Al-Eid divided Jubail Industrial City in general into three sections, all full of investment opportunities, such as the downtown area and the buffer zone that contains the innovation center, a logistical services area, residential areas, a commercial complex, and a light industrial zone, as well as entertainment and recreation activities, and the eastern neighborhoods, whose population density ranges from From 9400 to 10500 people, according to the Eid, they contain areas for hotels, light industries and support, and other projects for schools, health, and green spaces.
Al- Eid gave an overview of Mardoma Bay and the opportunities it provides to local investors, saying that it is built on an area of 275 hectares, has about 119 plots of land, and contains an area of 500,000 square meters for retail projects, about 700,000 square meters for office projects, 10,000 housing units, and about 1,000 Hotel room.
Al-Eid explained that in 2012, the authority worked to provide light industrial areas and support to provide all the needs of investors in basic and secondary industries until 2030 and beyond, and as a result, the light industries and support area in Jubail Industrial II is twice the area of its counterpart in Jubail First Industrial.
Al- Eid went on to say that the authority is fully prepared to provide all the enabling information for the private sector to take advantage of the investment opportunities offered by the Royal Commission, whether industrial, commercial, or residential, calling on investors to take advantage of them, noting that the workers housing complexes that the Commission decided to establish and that it is a suitable opportunity for investors. In the construction and building sectors, he pointed out that the authority is in the process of caring for entrepreneurs, even if they are fresh graduates and working to give them what he called a spark of investment opportunities.