Ras Al-Khair projects to support KSA industries, says Al-Naimi



RAS AL-KHAIR: ARAB NEWS

Published — Thursday 9 January 2014

Last update 9 January 2014 12:37 am

| نسخة PDF Print News | A A

Minister of Petroleum and Mineral Resources Ali Al-Naimi visited the new industrial city in Ras Al-Khair in eastern Saudi Arabia and said it would contribute to strengthening the country’s industrial sector.
He said the giant industrial projects at Ras Al-Khair would support the Kingdom’s diversification drive and bring good returns to investors and stake holders. It will also help transfer technology to the Kingdom.
Al-Naimi, who was accompanied by Prince Faisal bin Turki, adviser at the ministry, and Khaled Al-Mudaifer, CEO of Saudi Arabian Mining Company (Maaden), emphasized the mining sector’s role in developing new industries.
“Ras Al-Khair was established on the directive of Custodian of the Two Holy Mosques King Abdullah to support all phases of industrialization and achieve the highest possible added value inside the country,” he said.
Al-Naimi stressed that the development of the mineral sector would serve the Kingdom and its citizens in the long run. “It will create thousands of jobs for Saudis, especially technical jobs that provide good returns.”
Ras Al-Khair will also provide attractive investment opportunities for Saudi and foreign investors, the minister said.
During the visit the minister met with Maaden’s employees in Ras Al-Khair where the company employs about 4,000 people. Saudis represent about 70 percent of the workers and 300 of them were trained abroad.
Al-Naimi and other officials inspected the production lines at mining industries in Ras Al-Khair, including the aluminum smelter.
Bauxite ore transported by rail to Ras Al-Khair will be refined in the GCC's first alumina refinery to produce 1.8 million mtpy of alumina, which will in turn be processed in the smelter to produce 740,000 mtpy of aluminum.
The rolling mill with initial hot-mill capacity of 380,000 mtpy will focus initially on the production of sheet, end and tab stock for the manufacture of cans and other products including auto, construction and foil applications. The rolling mill will be one of the world's most technically advanced and will have the capacity to re-cycle aluminum scrap.
“About 56 percent of the project has been completed at Ras Al-Khair,” a Maaden official said, adding that the complex would supply new products to Saudi market, including aluminum plates required for the automobile industry.

What's happening around Saudi Arabia

RIYADH: Foreign Minister Adel Al-Jubeir has denounced “aggressive statements” by Iran, after Tehran accused Bahrain of stoking Gulf tensions by making unfounded allegations against it.“This is unacceptable to us,” the minister said at a joint news co...
DAMMAM: A wanted terrorist was killed during a gunfight in the town of Al-Qudayh in the Eastern Province on Sunday, police said.Qatif police received a report that a Saudi man suffered gunshots and was taken to Modhar Dispensary in Al-Qudayh by his b...
JEDDAH: The Saudi security forces have thwarted nearly 18,000 infiltration attempts on the Kingdom’s border with Yemen since the launch of Operation Decisive Storm in March. “The number of infiltration attempts foiled by the security authorities sinc...
ABHA: Several Saudi businesswomen started traveling with a group of friends after recent regulations which allow women to travel without their mahram. These women said they find great fun to travel as a group with their friends and their children, wh...
RIYADH: The United Nations, Arab League and Gulf Cooperation Council welcomed the Kingdom-led coalition’s announcement of a five-day cease-fire, that took effect at midnight on Sunday, to push humanitarian relief in war-ravaged Yemen to the beleaguer...
ALKHOBAR: Jobless Saudi women constitute 70 percent of the unemployed. The Ministry of Economy and Planning said 58 percent of the jobless have preparatory school level education. According to the statistics, the annual unemployment growth rate among...
RIYADH: Saudi Arabia has found traces of a civilization that was domesticating horses about 9,000 years ago, 4,000 years earlier than previously thought. The discovery has shed new light on the origin of the Arabian horse, which has remained a great...
RIYADH: The Ministry of Labor in the Makkah region found 250 laborers working on various construction projects during restricted hours of the day. Punitive measures will be taken against the employers of these workers. According to a ministerial decr...
JEDDAH: When poverty is your guest for 15 years, gardens, parks, streets and pavements become your abode under the unavoidable scorching sun. One has to face hardships of hunger and survive on breadcrumbs. This is the situation of a 60-year-old Saudi...
JEDDAH: The negative attitudes of society in dealing with harassment and abuse cases prevent victims from reporting a great number of such cases to the authorities.Despite this, about 3,982 cases reached the country's criminal courts in 1435 and 1436...
AL-QATIF: The Omani security forces have arrested a man who, they said, accidentally fired a bullet that hit a young Saudi girl in a hotel in Musandam on Saturday. Four-year-old Zainab bint Mohammed Labad of Al-Awamiyah was playing in the hotel lobby...
Ramon Corvera, deputy chief of mission at the Argentinian Embassy in Riyadh.* Which particular aspect of Saudi Arabia you like the most? The natural beauty of the desert.* What is your favorite and oft-repeated Arabic word? Masha’Allah.* Which book i...
JEDDAH: The creativity and entrepreneurship community program of Umm Al-Qura University brought together 80 creative entrepreneurs to exchange their experiences and knowledge on Monday. Fawaz Saad, the dean of the institute for innovation and entrepr...
RIYADH: The August issue of ‘Nature’, the monthly magazine of King Abdulaziz City for Science and Technology (KACST), will focus on Middle East Respiratory Syndrome (MERS) corona, which has affected 1,055 people in the Kingdom since June 2012.The to...
LILLE, France: Saudi Arabia’s firm stand against the phenomenon of violence as well as religious, ethnic and cultural fanaticism came in for praise at an international symposium, which concluded here.The participants of the symposium on "Media Covera...

Stay Connected

Facebook