FINANCIAL NEWS

Saudi RCJY industrial cities investments hit USD266.55b

18 Apr 2015

(MENAFN) The volume of investments injected into Jubail, Yanbu and Ras Al-Khair industrial cities reached USD266.55 billion, president of the Royal Commission for Jubail and Yanbu (RCJY) said, Arab News reported.

The industrial projects in the RCJY cities are producing nearly 10 percent of the global petrochemical products and are contributing 12 percent of the Kingdom’s gross domestic product (GDP), he told the gathering.

Royal Commission of Yanbu (RCY) CEO said investments inflows in Yanbu reached USD51.44 billion in 2014, of which USD6.93 billion and USD44.51 billion belong to government and private sectors, respectively.

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