Ras Al-Khair Industrial City Sign Investment Accord

Worth as much as SR15bln

Ras Al-Khair Industrial City of the Royal Commission signed an agreement to allocate industrial land lot, with a total area of ​​more than 3 million square meters, for investments exceeding SR15 billion, at Ras Al-Khair Industrial City.

The agreement provides for the establishment and operation of an industrial complex, for the production of cold and hot rolled iron, iron sheets and tin sheets, the Royal Commission announced, indicating that this project is the first of its kind in the Middle East, and will provide iron sheets that are used in the automobile as well as ship making industries.

It confirmed that signing this agreement comes within the framework of its endeavor to promote and attract investments, in line with the development of the industrial growth movement of its affiliated cities, noting that the industrial complex will provide more than 1,600 direct jobs and more than 8,000 indirect jobs.