The Royal Commission for Jubail and Yanbu has allocated a site in the Yanbu Industrial City for the Korean company Doosan Heavy Industries to build a plant for the manufacture of equipment and spare parts for the desalination industry including electric generators, turbines and boilers.

The decision would help meet the needs of desalination industries in the Kingdom and help the company expand its activities in the Gulf region and Middle East.

The operation of the plant is expected to start at the end of 2016. The company will construct a factory with capital estimated at SR44 million. It will supply 54 percent of its products to the domestic market and 46 percent to markets abroad.

“Thanks to the unlimited support from the government of Custodian of the Two Holy Mosques King Abdullah, the Yanbu Industrial City has become a hub for important industries with investments exceeding SR8.4 billion,” said Alaa Nassif, executive president of the royal commission

“The industrial city’s world class competitive advantages and services has ensured that it has become a destination for domestic and foreign investments,” said Nassif.

Nassif said the royal commission initiated the development of a strategic partnership with a group of major companies in the Kingdom to localize the manufacturing industries associated with desalination and basic industries that serve as major support for the economy.

Nassif commended the directives of Prince Saud bin Abdullah bin Thunayan, president of the royal commission, for developing advanced industrial complexes, ensuring the transfer of knowledge and technology, and job opportunities for Saudi youth.