Multi-billion dollar projects announced for Jubail II City
The establishment of several multi-billion dollar industrial and infrastructure projects at the Second Jubail Industrial City (Jubail II) was announced yesterday by Saudi King Abdullah Bin Abdul Aziz on Sunday.
The projects, valued at an estimated 81 billion riyals (Dh79.31 billion), will belong to the Royal Commission of Jubail and Yanbu, Saudi Basic Industries Corporation (Sabic) as well as private companies, according to Gulf News.
In addition, King Abdullah announced the launching of new facilities at King Fahd Industrial Port and infrastructure projects of Jubail II, as well as the inauguration of several other projects completed under Phase One of Jubail II.
These include a seawater intake structure and a pumping facility that will have a 200,000 cubic meter per hour delivery capacity as well as a drainage, waste water and a water distribution system. The King also announced the establishment of a 33-kilometer road network, 30 kilometers of pipelines for fuel gas and feedstock, as well as paths and bridges.
The expansion at the King Fahd Industrial Port was also begun, a project that will include additional petrochemical terminals and tank farms.
Other projects in the works include new housing development in the industrial cities, expansion of the King Fahd Industrial Port and Jubail Commercial Port, the expansion of the railroad to Jubail, and the development of Ras Al Zour as a new industrial hub.