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FINANCIAL NEWS
Indian companies to invest in USD19.99b Jazan Industrial City
14 Sep 2014
(MENAFN) A number of prominent Indian companies have shown interest in investing in the USD19.99 billion Jazan Industrial City project, Arab News reported.
The new industrial city, which is being developed by Gammon Group, is expected to offers a lot of business opportunities for different companies since it is expected to draw investment projects worth USD19.99 billion and create about 100.000 jobs.
The government has authorized Gammon Group to bring foreign investors to build the city’s entire infrastructure facilities such as roads, bridges, commercial centers, power plants, water treatment plants and establish vital industries, including an oil refinery and petrochemical plants.
A number of Indian companies have already signed agreements with the group to carry out investment projects in the city and that we have started works to implement the project,” a Chairman of Gammon Group said.
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