RCJY Chairman Signs 2 Contracts

JEDDAH, 4 April 2006 — Chairman of the Royal Commission for Jubail and Yanbu, Prince Saud ibn Abdullah ibn Thanayyan Al-Saud, signed yesterday two new contracts at Yanbu Industrial City for establishing boys and girls schools and Yanbu’s Vocational Institute for SR129,999,885. The first contract is with a national company and consists of establishing a boys’ elementary school, two girls’ elementary schools and two girls’ intermediate schools at Yanbu Industrial City for SR65 million and will take almost two and a half years to complete. The second contract, also with a national company, is for establishing the Yanbu Vocational Institute at a cost of SR64,999,885 and will take two years to complete.