French firms plan to invest in Jubail

Updated 22 November 2012
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French firms plan to invest in Jubail

A high-profile business delegation representing 35 French companies, led by Total Oil Co., has announced plans to invest in a series of new joint petrochemical and industrial projects in Jubail Industrial City.
The French investors, who met recently with officials of the Royal Commission for Jubail and Yanbu (RCJY), were briefed on the investment opportunities and incentives provided by the Saudi government, as well as the availability of raw materials for their projects.
Total and Saudi Arabian Oil Company (Saudi Aramco) have already established a joint venture, Saudi Aramco Total Refining and Petrochemical Company (SATORP), in Jubail Industrial City II. SATORP is in the advanced stages of constructing one of the most complex refineries in the world. Saudi Aramco owns 62.5 percent of the project, while the remaining 37.5 percent is owned by Total.
The French delegation is reportedly set to seize profitable investment opportunities in various fields such as oil and gas, technology and infrastructure in the industrial city of Jubail. They visited the residential area, business center and the industrial area as well.
According to analysts, the French hope to expand their investments amid fierce competition between international companies, who in recent years have won petrochemical and refining projects worth SR 150 billion. These companies include Sadara Chemical Company (Sadara), a joint project between Saudi Aramco and Dow Chemical, at a cost of SR 75 billion, SATORP project worth SR 50 billion, in addition to other projects jointly owned by Saudi Basic Industries Corp. (SABIC) and other global companies.
Al-Jubail Petrochemical Company (KEMYA) last July awarded the French company Technip an engineering, procurement and construction (EPC) contract for an elastomer facility in Jubail Industrial City.
KEMYA is a 50:50 joint venture between SABIC and Exxon Chemical Arabia, an affiliate of ExxonMobil Chemical Company.


Photos of Al-Khandaq mosque during Ramadan highlight historic importance of Madinah

Updated 6 min 14 sec ago
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Photos of Al-Khandaq mosque during Ramadan highlight historic importance of Madinah

MADINAH: The holy city of Madinah in Saudi Arabia continues its centuries’ old tradition of receiving visitors and pilgrims who enjoy visiting its famous mosques and landmarks dating back to the time of the Prophet Muhammad.

Al-Khandaq Mosque or the Mosque of the “Trench,” which is also referred to as the “Mosque of the Conquest,” is one of the historical sites that visitors to Madinah have high on their list of “must-sees.” It is connected to the Battle of the Trench, which took place during the time of the Prophet Muhammad (PBUH).

The mosque is located in the trench northwest of Madinah where the events of the Battle of the Trench took place.

A few years ago Saudi Arabian authorities expanded the mosque. It is built in a modern architectural style that highlights the aesthetic value of the area and the value of the trench, which is situated at the foot of Jabal Sal’a mountain.

Madinah’s battle of the trenches marked the consolidation of the Prophet’s tenure when he was faced with an attack on Madinah made by an alliance of Jewish and non-Muslim Arab tribes to unseat him.

The digging of the trench around the city saved the day and denied the effective use of cavalry in storming the city by 10,000 attackers who besieged Madinah for more than 30 days.

The Saudi Press Agency recently captured the daily influx of visitors to Madinah during the holy month of Ramadan.

Photos show activity in Al-Khandaq Mosque and seven other mosques in its vicinity. The photographs are a reportage of activities ranging from praying and sightseeing to learning about the mosque’s history, and help put them into the context of the role played by the mosque and the city in spreading the values of Islam and its religious message.