Royal Commission for Jubail & Yanbu Sign Deal to Produce Wind Power

Saudi Arabia’s Royal Commission for Jubail and Yanbu singed an investment agreement, with a local steel company.

The deal, reportedly, worth an investment of SR145 million, to establish a plant producing wind power towers.

The investment is a qualitative addition to the industrial city of Yanbu, as the plant is widely expected to commence its commercial production, by the end of the second quarter of 2023, and to create 145 new jobs.

The conclusion of this investment agreement is a part of the Royal Commission effort to diversify investment, in Yanbu Industrial City, in order to contribute to achieving the Kingdom’s Vision 2030.