The Royal Commission in Jubail announces promising investment opportunities available to the private sector

​The Royal Commission in Jubail announces promising investment opportunities available to the private sector

Participants in the meeting on investment opportunities in Jubail, which was organized by the Asharqia Chamber represented by the Investment Department yesterday, stressed the keenness of the concerned government agencies to attract local and foreign investors in commercial and residential projects offered by the Royal Commission in Jubail.

The meeting - which took place via video call - was moderated by a member of the board of directors of the Asharqia Chamber and Chairman of the Foreign Investment Committee, Saadoun bin Khaled Al-Ateesh Al-Khalidi, who made it clear that the chamber supports any investment activity, but rather an activity that serves the private sector, and has agreements and memoranda of understanding with various parties, including some Supporting parties financially.

For his part, the chief consultant at the Ministry of Investment, Ziyad Al-Hudayeb, said that the ministry supports investment companies to achieve more distinction, and supports all sectors without exception, and the ministry has direct contact with all supporting and providing investment opportunities such as the Royal Commission in Jubail and Yanbu .. confirming the ministry’s support for the local and foreign investor Both also support each initiative serving investment activity.

He pointed out that if the foreign investor is an individual, his job opportunity is only required to have a distinct residence, and to be supported by an incubator, then he is dealt with in his individual capacity, and if it is an institution, it is dealt with as an institution that has its own consideration, and the local investor has the full opportunity. Also, it is not required to provide more than the commercial register that qualifies it to do so.

For his part, Director of the Commercial and Residential Investment Department at the Royal Commission in Jubail, Dr. Abdullah Al-Shehri, affirmed the Commission’s keenness to be present with the business sector and looks forward to an effective contribution from him in implementing the projects proposed in the commercial and residential fields .. explaining that the opportunities offered by the Commission in these two areas are available to the local and foreign investor. Equally, the authority has a set of criteria for each project that do not of course contradict the standards of any government agency, and we do not require any investor to submit a feasibility study for any project proposed by the authority, and we do not require more than the commercial registry that qualifies him to carry out any activity, and we do not allow any An investor who is not a specialist in the proposed project, and we do not work under the lower price, but rather "price" is one of a set of criteria that any investor can review before submitting and entering the investment scope.

As for Fahad Al-Melhem from the Investment Department at the Royal Commission in Jubail, he reviewed several opportunities available by the Authority for local and foreign investors, which include restaurants, commercial centers, administrative buildings, hotels, sports centers, equestrian and driving schools, as well as some residential projects offered by the authority. With their own environmental specifications.

In the event of leasing, Al-Melhem said that the rental value of commercial projects is calculated one year after the date of the investor’s notification of the allocation, and in projects of a special nature up to five years exemption from paying the rental value, and the lease of land by the authority in the city is considered low compared to other cities. Also, in the event of the end of the agreement period, the priority is for the lessee to renew the agreement, with no risk of raising the value.