1.3 lakh crore Riyal investment in Jubail and Yambu Royal Commission 1.3 lakh crore Riyal investment in Jubail and Yambu Royal Commission

Yambu: Jubail and Yambu Royal Commission Authority in the first six months of this year in terms of investment boom. Chairman Khalid Al Salim informed that the value of the investment is estimated at 1.3 lakh crore Riyals. It accounts for 65 percent of the total value of investment in the Gulf Cooperation Council countries.

This year, the number of export goods has increased significantly. The Authority noted that the tremendous growth in investment was driven by the launch of a number of economic plans to strengthen the industrial base and increase the growth rate of urban industrial production.

The Royal Commission aims to double the private sector investment by 2030. Officials said that the commission authority is studying the new investment worth more than 10 crore Saudis and it will be realized within the next two years.

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