Latest news with #RoyalCommissionforJubail
Zawya
28-04-2025
- Business
- Zawya
Al-Falih: Eastern Province hosts 700 investment opportunities worth $88bln
JUBAIL — Minister of Investment Eng. Khalid Al-Falih revealed that the Eastern Province has more than 700 investment opportunities listed on the "Invest in Saudi" website, with a total value exceeding SR330 billion. Addressing the Jubail Investment Forum 2025 on Sunday, the minister said that 34 international companies have decided to open their regional headquarters in the Eastern Region. Emir of the Eastern Province Prince Saud bin Naif inaugurated the Forum, which was organized by the Eastern Province Chamber of Commerce, in cooperation with the Royal Commission for Jubail and Yanbu, and in partnership with the Ministry of Investment. Al-Falih emphasized that the ministry is continuously working with relevant sectors to identify and develop new investment opportunities in the region, in addition to marketing available opportunities at local and international conferences, and attracting local and international investors. It is also working in cooperation with the Saudi Investment Marketing Authority to attract investments. The minister stated that the number of active foreign investment licenses issued by the ministry in the Eastern Province until the beginning of this year reached 5,456, saying that this contributed to the employment of more than 53,000 people, with a Saudization rate of 36 percent. Al-Falih emphasized that the Eastern Province enjoys numerous strategic and competitive advantages, including its geographical location, the availability of natural resources, including abundant fossil and renewable energy, transportation and logistics facilities, integrated infrastructure, and a young and ambitious Saudi workforce. The region also possesses elements and components that make it an incubator for innovation at world-class standards, in addition to one of the most important elements of economic progress: the region's distinguished private sector system. The minister said that these strategic advantages were reflected in the region's investment indicators, as it ranked first in terms of cumulative foreign direct investment in the Kingdom, accounting for approximately 42 percent, with a value of SR 366 billion. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
28-04-2025
- Business
- Saudi Gazette
Al-Falih: Eastern Province hosts 700 investment opportunities worth SR330 billion
Saudi Gazette report JUBAIL — Minister of Investment Eng. Khalid Al-Falih revealed that the Eastern Province has more than 700 investment opportunities listed on the "Invest in Saudi" website, with a total value exceeding SR330 billion. Addressing the Jubail Investment Forum 2025 on Sunday, the minister said that 34 international companies have decided to open their regional headquarters in the Eastern Region. Emir of the Eastern Province Prince Saud bin Naif inaugurated the Forum, which was organized by the Eastern Province Chamber of Commerce, in cooperation with the Royal Commission for Jubail and Yanbu, and in partnership with the Ministry of Investment. Al-Falih emphasized that the ministry is continuously working with relevant sectors to identify and develop new investment opportunities in the region, in addition to marketing available opportunities at local and international conferences, and attracting local and international investors. It is also working in cooperation with the Saudi Investment Marketing Authority to attract investments. The minister stated that the number of active foreign investment licenses issued by the ministry in the Eastern Province until the beginning of this year reached 5,456, saying that this contributed to the employment of more than 53,000 people, with a Saudization rate of 36 percent. Al-Falih emphasized that the Eastern Province enjoys numerous strategic and competitive advantages, including its geographical location, the availability of natural resources, including abundant fossil and renewable energy, transportation and logistics facilities, integrated infrastructure, and a young and ambitious Saudi workforce. The region also possesses elements and components that make it an incubator for innovation at world-class standards, in addition to one of the most important elements of economic progress: the region's distinguished private sector system. The minister said that these strategic advantages were reflected in the region's investment indicators, as it ranked first in terms of cumulative foreign direct investment in the Kingdom, accounting for approximately 42 percent, with a value of SR 366 billion.
Zawya
30-01-2025
- Business
- Zawya
Emir of Madinah inaugurates Yanbu waterfront and tourism and entertainment projects
YANBU — Emir of Madinah Prince Salman bin Sultan inaugurated the waterfront and a number of development and entertainment projects in the Yanbu Industrial City. He also graced the signing of a number of memoranda of understanding and agreements in a ceremony held in the presence of Minister of Industry and Mineral Resources Bandar Alkhorayef, and Chairman of the Royal Commission for Jubail and Yanbu Eng. Khaled Al-Salem. The Yanbu Industrial City waterfront extends over an area of 260000 square meters, and provides multiple services to residents and visitors, in addition to multi-use buildings, beach seating, restaurants, and cafes. These projects will be implemented by Al Othaim Holding Company with the aim of enhancing the quality of life and supporting tourism. Prince Salman bin Sultan laid the foundation stone for the Al-Othaim Marina project with an investment of SR400 million. The project spreads over an area of 200000 square meters, and includes an integrated commercial complex, a global hotel, entertainment spaces, restaurants, and cinemas. The Emir attended the signing of an investment agreement between the Royal Commission in Yanbu and Al-Othaim Company to develop Al-Mahar Island on an area of 575600 square meters, which includes commercial centers, entertainment spaces, and integrated services, to enhance Yanbu's position as a major tourist and investment destination. Prince Salman bin Sultan also inaugurated the Marsa Al Jar project in Yanbu governorate, which is being implemented by Al-Khareef Trading and Contracting Company to provide an integrated marine experience over an area of 13000 square meters, and includes 100 parking spaces for boats and yachts and 20 parking spaces for marine tanks, with comprehensive services that include organizing fishing, diving and hiking trips. The marina relies on providing digital solutions through the "Marsa Al Jar" application to facilitate reservations and manage services, providing a modern and integrated marine experience. Future expansion plans also include the establishment of a modern boulevard containing restaurants and cafes overlooking the sea, as well as a diving center, and a marine equipment exhibition. The Emir also attended the signing of a number of agreements and memoranda of cooperation between the Royal Commission for Jubail and Yanbu and a group of governmental and private entities. These included a memorandum of understanding with Alat Technology Company, one of the subsidiary companies of the Public Investment Fund, to provide training programs, in cooperation with the colleges and institutes of the Royal Commission, as well as to contribute to building human resources capabilities. The Royal Commission also signed another memorandum of understanding with Taibah University to prepare and implement training and development programs, exchange expertise, implement joint initiatives, and support community responsibility programs. The agreements and memoranda included signing a memorandum of cooperation with the Saudi Arabian Cricket Federation to manage and operate the Cricket Center in Yanbu Industrial City, with the aim of spreading the sport of cricket and supporting local and international programs and tournaments, with a focus on discovering talents and providing technical and training support. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
