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 on 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 an industrial complex on an area covering 32.7 hectares. The SR12 billion facility is to produce ethylene propylene diene monomer, rubber and black carbon that are used in automobile industry. --MORE