port at JEC. The Governor also laid the foundation stone for the SR600 million coastal Shaqiq-Jizan highway. "We are very pleased with the overall progress of JEC, which has commenced construction within one year of its launch," Al-Dabbagh said. The latest addition of the second aluminum smelter and power plant with an investment close to $5 billion (SR18.75 billion) will bring the total capital invested in JEC to $20 billion (SR75 billion). The original investment envisaged for JEC was $30 billion (SR112.5 billion) over a period of 25 years. "We have achieved two-thirds of this amount one year after the project's launch," Dabbagh said. "This investment by Chalco in a smelter with an integrated power plant is the single largest investment by a Chinese company in Saudi Arabia." --MORE
