| 2022. november 24., csütörtök 09:07 |
Saudi Industrial City Giga-Project Adds New Direct Investments and Contracts to its Total Investments of 26,7 billion USD |
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| Jazan City, 24 November, 2022 (APA/OTS) - New investment agreements will contribute to food sustainability in the country and further develop the advanced living environment for Jazan City for Primary and Downstream Industries |
The Kingdom of Saudi Arabia implements the ambitious strategies of
Vision 2030 to diversify the economy and unlock the potential of
non-oil sectors. One of the giga-projects launched in alignment with
Vision 2030 is Jazan City for Primary and Downstream Industries
(JCPDI), an industrial city and strategic logistics hub in the
southwestern region of the country, on the Red Sea. Today JCPDI
announced several investment agreements and projects worth over 267
million USD. New investments in JCPDI aim to promote the economic
diversification of the Kingdom, increase the private sector
contribution in the economy and attract new foreign direct
investments. Overall investments in JCPDI now exceed 26,7 billion
USD.
Khalid bin Mohammed bin Abdulrahman Al-Salem, the Chairman of the
Royal Commission for Jubail and Yanbu (RCJY), stated: "Our goal is
to make sure that JCPDI is attractive to potential investors. We
also want to promote the city as a vibrant place for businesses and
communities. The newly signed agreements will generate around 300
new direct and indirect high-quality jobs and contribute to the
local GDP".
CEO of JCPDI, Dr. Fahd bin Dhaifallah Al-Qurashi, added: "The first
investment agreements relate to JCPDI's key strengths: logistics,
food processing, and metals conversion. Our agreements with food
processing companies are not only an investment opportunity - they
also help to achieve national sustainable goals and self-sufficiency
in grain products and animal feed".
- Full version and image available at Presseportal -
For further inquiries please contact:
External Press Office
Philipp Koneev, Senior Account Manager, MC Group
p.koneev@mcgroup.com
+49 (0)30 65 000 540
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