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FINANCIAL NEWS
Investments in Jubail, Yanbu up to USD38.9b in 2010
09 Mar 2011
(MENAFN) The chairman of the Royal Commission for Jubail and Yanbu, Prince Saud bin Abdullah bin Thunayan, said that the both cities received investments worth USD38.9 billion in 2010, bringing the total amount to USD180.2 billion, reported Arab News.
Prince Saud said that the investments are expected to provide more people with jobs in downstream industries. Also, the increasing investment projects would benefit and add more value to the Saudi economy
The chairman added that the investments reflect the strength of the Saudi economy and its ability to counter global challenges.
It is worth noting that Prince Saud announced the amount of the investments in a two-day forum on petrochemical and mineral downstream industries in Yanbu on behalf of Custodian of the Two Holy Mosques King Abdullah.
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