Latest news with #RCJY
Argaam
20-05-2025
- Business
- Argaam
JCPDI signs SAR 100M MoU with Chinese food firm
The Royal Commission for Jubail and Yanbu (RCJY) announced that Jazan City for Primary and Downstream Industries signed a memorandum of understanding (MoU) with a Chinese company to enhance and support the development of the food industries sector in the city and to facilitate the company's investments. The company's investment will exceed SAR 100 million and will include the establishment of a factory in the animal protein zone in Jazan for the production of meat and poultry, with an export capacity exceeding 50,000 tons annually, the state-run SPA reported.
Argaam
22-04-2025
- Business
- Argaam
4 govt entities seek to raise investments in Ras Al-Khair: Official
Mahmoud Al-Theeb, CEO of the Royal Commission for Jubail and Yanbu (RCJY), said that four government entities seek to define the target market size and boost investments in the minerals industrial city. According to Al-Eqtisadiah, RCJY steps up effort to attract investments in collaboration with the ministries of investment, energy, and industry and mineral resources, along with other related government agencies. This effort aims to set the target market size and facilitate investments to push development and boost the private sector's contribution to local economy, Al-Theeb added. Argaam earlier cited Al-Theeb as saying that investments in Ras Al-Khair city exceeded SAR 176 billion at the end of 2024. The private sector holds 91% of these investments. Al-Theeb also explained that every riyal invested by the Commission in the city delivers a return of up to 12 times its value.
Argaam
23-03-2025
- Business
- Argaam
Al Ashghal Al Moysra signs SAR 16.5M deal with RCJY
Al Ashghal Al Moysra Co. signed today, March 23, a contract worth SAR 16.5 million with the Royal Commission for Jubail and Yanbu (RCJY) for the provision of furniture and office equipment moving services. The three-year contract is expected to have a positive impact on financial results for 2025, 2026 and 2027, the company said in a filing to Tadawul. According to Argaam data, last February, Al Ashghal Al Moysra announced being awarded a project worth SAR 16.51 million with RCJY.
Argaam
18-02-2025
- Business
- Argaam
Lamasat signs MoU with RCJY to lease land plot
Lamasat Co. signed on Feb. 7 an investment agreement with the Royal Commission for Jubail and Yanbu (RCJY) to lease a commercial land plot in Yanbu for 20 years to establish a new branch, according to a statement to Tadawul.. The land covers an area of 418.9 square meters, with an annual rental value of SAR 16,800 per Hijri year. Lamasat stated that the financial impact will be seen in increased company revenues in the coming years, with this expected to occur in the second quarter of 2026. The company said it will announce later the development of this project, noting that there are no related parties.
Argaam
06-02-2025
- Business
- Argaam
Al Ashghal Al Moysra secures SAR 16.5M project from RCJY
Al Ashghal Al Moysra Co. said it has been awarded a SAR 16.5 million project by the Royal Commission for Jubail and Yanbu (RCJY). In a statement to Tadawul, the company said that the contract is expected to be signed on March 5, indicating that the work scope includes furniture and office equipment transportation services. The necessary signatures and procedures are being completed, the statement said, adding that there are no related parties to the deal.
