Industrial drive in Saudi Jubeil estate
Jubeil Industrial Estate Authority reported that 60 new projects are to be constructed throughout the estate by the year 2016. The total capital invested in these projects is estimated at 100 billion Saudi riyals ($26.66 billion).
It also reported that applications had been received to set up new basic industries and manufacturing projects with investments of SR 25 billion.
Private sector enterprises have so far invested nearly SR 150 billion in Jubeil and Yanbu industrial cities. These projects included the establishment of 180 factories in both regions. —(MENA Report)
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