RCJY approves eight contracts for investment projects

(MENAFN- Arab News) Prince Saud bin Abdullah bin Thunayan chairman of the Royal Commission for Jubail and Yanbu (RCJY) has approved eight contracts worth SR246.80 million for investment projects in Jubail and Ras Al-Khair industrial cities.
The deals were signed by Abdulaziz Attragi GM strategic planning of the Royal Commission for Jubail (RCJ).
The first deal signed with Showrann Trading Co. includes allocating a 20000 sqm land for establishing a technical factory for plastic pallets and containers through using recycled raw materials. The SR87 million project is expected to provide about 150 direct jobs.
The second contract was signed with Al-Rafid Group to establish a pipeline project in Jubail 2 for the production of multilayer polyethylene pipes with a SR53 million total investment.
The third deal aims to establish and operate a factory in Jubail 2 for bending and shaping metals and manufacturing tanks vessels minerals and metal products. It was signed with Ankan Engineering Contracting Company with investments worth SR25 million.
The fourth contract includes the allocation of a 8600 sqm area to Petrochem Middle East Company for the establishment of an industrial project for mixing and filling of chemicals and providing logistics and distribution services with an estimated investment of more than SR20 million.
The fifth deal is related to the establishment of an industrial facility for industrial services and construction in Jubail 2 with SR20 million investments. The sixth contract aims to establish an industrial facility in Jubail 1 for the maintenance of industrial equipment.
The seventh contract was signed for the production of equipment spare parts and metal shaping in Ras Al-Khair industrial city with an estimated investment of SR20.5 million while the last deal is related to the demolition reconstruction and operation of a gas station for Khonaini Petroleum Services (KPS).