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(constructionweekonline) -- Six industrial mega projects
worth a total of USD 5.6bn have been approved for construction in Jubail by the
Royal Commission for Jubail and Yanbu.
The deals were signed by
Commission Chairman Prince Saud bin Abdullah Thunayyan, at Jubail Industrial
City on Sunday, who said the projects are expected to generate huge employment
opportunities for the region.
The largest deal is for the
construction of a USD 3.2bn facility to produce ethylene propylene diene
monomer, rubber and black carbon that are used in automobile industry. The deal
was signed with the Al Jubail Petrochemical Company (Kemya), a joint venture
between Saudi Basic Industries Corp. and Exxon Mobil Corp. The new factory will
cover 32.7 hectares and supply automotive markets globally.
A second
project, worth USD 800mln, was awarded to Jubail Chemical Industries Company
(JANA) to set up an industrial complex for the expansion of existing industries
and adding new products with an annual production capacity of 600,000 tons.
These included products used in a number of downstream industries such as
painting, leather and several chemical industries. |
