YANBU, 25 December 2005 — Prince Saud ibn Abdullah ibn Thunayyan, chairman of the Royal Commission for Jubail and Yanbu, signed a contract for the construction of high-voltage electricity transmission stations in Yanbu 2 for SR391 million during a visit to the industrial city yesterday. The contract is with the Hadi Haidar Contracting Company, a Saudi company. This Yanbu power project includes the main and subsidiary electricity plants, which involves the design and construction of power electricity plants that will provide power to the Marafeq Company’s desalination compound among other companies. The power project also include the leveling of project sites, which entails cleaning and clearing project sites of trees and other unwanted materials to prepare the land site for other services like water-cooled electricity cables, roads and draining systems.
Other items in the new power project are designing, importing and installing electricity towers for electricity lines and delivering electricity energy to industrial projects which will provide power to petrochemical and light industrial areas. The funding for this project will also go towards constructing the hi-tech Yanbu Technical Institute, two female elementary schools, two male/female middle schools, and one male elementary school. These schools are scheduled for 2008 completion.
During his visit of Yanbu 2, the prince met with contractors carrying out the first stages of various projects that cost over SR546 million, and urged them to speed up their efforts. He also urged the other contractors of peripheral projects which cost SR91 million to expedite their work. These projects will serve several companies, including Yanbu National Petrochemicals Company’s (YANSAB’s). The prince also met with presidents of the companies that are carrying out development contracts at the industrial cities.
Prince Saud reviewed a number of proposals for the initial design of the coastline of Yanbu industrial city. He then reviewed the environmental situation of Badr province and Al-Raies center. He ended his tour by visiting YANSAB Company operations in the area. YANSAB, whose shares are currently being floated for SR50 a share is a subsidiary of SABIC Group.
