The Royal Commission for Jubail and Yanbu has approved six mega industrial expansion projects at a cost of SR21.2 billion at the Jubail Industrial City. The projects are expected to generate a large number of employment opportunities. The project signing ceremony was attended by Commission Chairman Prince Saud Bin Abdullah Al-Thunayyan, at Jubail Industrial City Sunday. Al-Jubail Petrochemical Company (Kemya), a joint venture between Saudi Basic Industries Corp. and Exxon Mobil Corp. has won a deal, the largest in value, to set up a SR12 billion industrial complex on an area covering 32.7 hectares. The second project, costing SR3 billion, was awarded to Jubail Chemical Industries Company (JANA) for setting up an industrial complex for the expansion of existing industries and adding new products with an annual production capacity of 600,000 tons. Saudi International Petrochemical Co. (SIPCHEM) has been allocated a SR2.8 billion venture to produce ethylene vinyl acetate and low-density polyethylene with a capacity of 200,000 tons a year. National Industrialization Co., or Tasnee, obtained approval to develop a SR1.4 billion project to produce super-absorbent polymers with the capacity of 80,000 tons a year.
