SR267 million to expand Ras Al-Khair Industrial City

Updated 04 July 2014
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SR267 million to expand Ras Al-Khair Industrial City

The Royal Commission for Jubail and Yanbu (RCJY) has signed three contracts worth over SR267 million to develop Ras Al-Khair Industrial City's infrastructure, port and marine business.
Prince Saud bin Abdullah bin Thunayan Al-Saud, chairman of the RCJY, signed the contracts this week.
The first contract was signed to develop the support services area in Ras Al-Khair industrial city.
The development includes provision of drinking water, pumping seawater for cooling, rainwater and flood drainage network, electricity distribution network, wire and wireless telecommunications distribution network, and traffic and street lighting control network.
The second contract was signed with Dar Al-Riyadh Engineering Consultants and Louis Berger Group to prepare designs, bids and special plans for engineering, procurement and construction contracts for the city.
The third contract was signed with Arab Supplies General Trading Company (Asco) for maintaining and operating the royal commission’s building.


Saudi researchers join T20 summit in Japan

Updated 46 sec ago
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Saudi researchers join T20 summit in Japan

  • Ways to fill economic infrastructure gaps, the US-China trade crisis analyzed
TOKYO: The world’s leading think tanks gathered for the G-20’s Think20 (T20) Japan Summit on Sunday in Tokyo, ahead of the upcoming G-20 Osaka Summit next month.
In the opening address, the president of the Japan Institute of International Affairs (JIIA), Kenichiro Sasae, spoke of the importance of technological advances, governance and multilateralism. 
“Technology is a tool,” he told assembled delegates. “We need two guiding symbols to harness modern technology to continue to pull economic growth. Technology has a wade-ranging impact, not only on business but also on privacy, protection.”
The T20 Summit comes amidst the backdrop of a four-day visit to the Japanese capital by US President Donald Trump.
Of the main topics discussed in closed sessions were finding innovative ways to fill economic infrastructure gaps, the US-China trade crisis, how to promote entrepreneurial ecosystems and climate change.
The host country has the privilege of selecting task forces specifically for the T20. Under the theme “Seeking a Sustainable, Inclusive and Resilient Society,” Japan’s T20 recommendations were based on theoretical and empirical analysis, and consist of 10 separate task forces.
They include sustainable development, climate change and environment, cooperation with Africa, Global governance and Future Politics.
Heading the Saudi T20 delegation, Dr. Fahad Al-Turki spoke to Arab News and told of the delegations’ various roles and expectations for the summit.
“We’re working with the Argentines, the Japanese and the Italians to ensure continuity on policy recommendations that will go to the G-20,” he said.
Five Saudi think tanks are being represented at the summit.
“The purpose is to have a collective effort from Saudi Arabia to represent the Kingdom at the T20. The first day went great, we talked with the authors of many of the policy briefs about our views and our recommendations,” he added.
Dr. Hossa Al-Mutairi told Arab News Saudi participation was essential, in anticipation to the 2020 G-20 Riyadh Summit.
“We participated last year as observers (at the 2018 summit in Buenos Aires), we went to learn from the Argentines, attended their sessions to understand the process of organizing T20 as well as how to select the task forces, but mainly to maintain a network with T20 members,” she said.
“One of the presentations that we had was on climate change, as Saudi Arabia cares about climate change, but we also care about economic stability. There is a connection between economics, environment and energy, you can’t separate them and we look into all energy sources.”