Yanbu to receive SR 80 bn worth of new investments



YANBU: ARAB NEWS

Published — Sunday 24 February 2013

Last update 24 February 2013 3:26 am

| نسخة PDF Print News | A A

The Industrial City of Yanbu is expected to receive new investments worth more than SR 80 billion in the coming years, a senior official at the Royal Commission for Yanbu said.
It was revealed during a reception given to Madinah Gov. Prince Faisal bin Salman at King Fahd Cultural Center.
There was a presentation on the industrial city, RC’s objectives, major industries in the city and the facilities being offered by RC to investors and industrialists.
Yanbu Gov. Ibrahim Al-Sultan, CEO of Royal Commission in Yanbu, Dr. Ala bin Abdullah Naseef and other senior officials were present to receive the prince on arrival.
Prince Faisal also visited Saudi Aramco’s facilities in the city where he was received by Abdul Rahman Al-Wohaib, senior vice president for refinery and marketing, and other officials.
A documentary screened during the visit highlighted Aramco’s history and progress, its activities in Yanbu and its contributions toward boosting the Kingdom’s economic and industrial progress. It also explained the company’s efforts to nationalize its workers. The documentary highlighted Saudi Aramco’s growth as a leading international oil company.
The governor was also briefed on Aramco’s efforts to build Saudi men and women and develop their capabilities through various programs and make use of the country’s natural resources.
Aramco officials also spoke about the company’s move to invest in renewable energy, unconventional resources and environment-friendly technologies.
Prince Faisal also visited Yanbu National Petrochemical Company (Yansab) where he was received by Osama Basheikh, director of the company and other officials. The governor was briefed on the company’s activities and achievements.
The royal visit also covered the desalination plant in Yanbu. Dr. Abdul Rahman Al-Ibrahim, governor of Saline Water Conversion Corporation, briefed the governor on the plant’s capacity and its efforts to supply drinking water to all parts of the Madinah region.

What's happening around Saudi Arabia

JEDDAH: A Mercedes car with a Saudi number plate was spotted in Israel. The discovery led to intense discussion on social media websites on Tuesday.According to reports, the car was spotted last week in Jaffa’s Clock Tower Square by Jacky Hugi, the M...
RIYADH: The Kingdom is experiencing extremely hot weather conditions.According to a report from the Presidency of Meteorology and Environment (PME), Central Province, Jeddah, Makkah and Madinah, experienced “extremely hot weather with surface winds a...
ALKHOBAR: Many Saudi citizens travel outside the Kingdom during vacations looking for entertainment for themselves and their families as entertainment facilities in the Kingdom do not meet their aspirations. They have called for setting up entertainm...
TAIF: Makkah Gov. Prince Khaled Al-Faisal inaugurated state-of-the-art Radf public park in Taif which has an interactive fountain — the biggest of its kind in the Kingdom and spread over 13,000 sq meters. The fountain has colored lighting and a displ...
JEDDAH: The Special Criminal Court has issued a preliminary order in a case related to a Saudi national who fought with militant organizations in Syria. The court, functioning at its summer headquarters in Jeddah, sentenced him to a seven-year jail t...
RI YADH: The Kingdom has decided to increase the financial aid to Palestine by raising its monthly aid to the Palestinian Authority’s budget from $14 million to $20 million. The substantial increase brings Saudi Arabia’s yearly aid for Palestine to $...
JEDDAH: The Saudi Ambassador to Jordan has rejected terror charges against Saudis incarcerated in Iraqi jails and slammed the government of that country for concealing information on the inmates."The file of Saudi prisoners in Iraq has grabbed the at...
JEDDAH: Six female members of the Shoura Council participated in a training program to raise awareness among citizens on the municipal elections in which women will participate. The program was organized by Al-Nahda Philanthropic Society for Women un...
RIYADH: Custodian of the Two Holy Mosques King Salman has issued an order appointing and promoting 96 members at the Bureau of Investigation and Public Prosecution (BIPP) at various ranks.Sheikh Mohammed bin Fahd Al Abdullah, BIPP president, expresse...
DAMMAM: After the recent increase in verbal and physical harassment of women and girls in the Kingdom, they have turned to martial arts in order to protect themselves. Amani Yassin, a coach at Taekwondo Training Institute, said: “Saudi women are inte...
RIYADH: A youth has been arrested for allegedly killing a Saudi man near the Madinah airport recently. The police apprehended the alleged killer without incident. The suspect, a 24-year-old Saudi, is alleged to have stabbed the victim several times...
RIYADH: A total of 4,326 male and female students started their local and regional summer program for 2015 under the sponsorship of the King Abdul Aziz and his Companions Foundation for the Gifted and Creativity (Mawhiba) throughout the Kingdom on Su...
BURAIDAH: The security patrolling team in Qassim detained a woman for driving a car on the streets of Buraidah.Her case was referred to the higher-ups for necessary action.According to Maj. Badar Al-Sahibani, spokesman Qassim police, the woman is ide...
RIYADH: Recent statistics announced by the Saudi Commission for Health Specialties, which coincided with consensus surveys in the Kingdom for the year 2014, revealed that there is only one doctor for each 800 people, and one nurse for every 285 peopl...
Indian expats have paid glowing tributes to one of its most beloved presidents and iconic leaders on Tuesday, as condolences poured in from various parts of the Kingdom for A.P.J. Abdul Kalam following his sudden death on Monday.Hemant Kotalwar, char...

Stay Connected

Facebook