Multibillion riyal housing schemes under way in Jubail Industrial City

Multibillion riyal housing schemes under way in Jubail Industrial City
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Multibillion riyal housing schemes under way in Jubail Industrial City
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Updated 25 October 2013

Multibillion riyal housing schemes under way in Jubail Industrial City

Multibillion riyal housing schemes under way in Jubail Industrial City

The Jubail Industrial City is set to make a giant leap in setting up housing schemes employees working for the Royal Commission and industrial companies.
Around 14, 000 housing units are being built for Saudi employees at an estimated cost of nearly SR11 billion.
The projects are scheduled to be completed in 2016.
The Royal Commission made a major achievement two years ago when more than 1,300 housing units were delivered to its employees. The number is expected to increase to more than 2,000 units during the next three years.
Saudi Basic Industries Corporation (SABIC) is currently building about 2,801 housing units. They included 1,762 unites in Jubail Industrial City and 319 in Yanbu Industrial City. The projects are scheduled to be completed by the end of 2016.
Similar housing projects are making progress in Jubail. The Saudi International Petrochemical Company (SIPCHEM) is building 354 housing units for its staff in Jubail. Around 376 housing units are under construction for the National Industrialization Company (TASNEE).
Prince Saud bin Abdullah bin Thunayan Al-Saud, chairman of Royal Commission for Jubail and Yanbu, stated that the commission succeeded in pushing forward housing project under the guidance of the wise leadership of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz in the creation of a partnership development with the industrial sector to build housing units to employees without profit at cost.
The RC Chairman said the strategy of the commission succeeded in providing infrastructure very strong in the fields of health and education.
The Jubail Industrial City with a population of around 107, 000 people, had set up several academic institutions to prepare youngsters to work in the industrial sector.
Economic analyst Fadel Albuainain said that the Royal Commission had encouraged the companies and industrial sector to provide housing facilities to employees.
"This will boost comprehensive development, encouraging investment, and employees owning houses in areas at high standards." Albuainain said.