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Saudi Arabian gov’t, Hutchison Ports partner up on JCPDI Port February 16, 2021, by Naida Hakirevic
The Saudi Arabian government and port operator Hutchison Ports have signed an agreement to invest in and operate JCPDI Port which comprises multipurpose terminals within the Jazan City for Primary and Downstream Industries (JCPDI).
The virtual signing ceremony between the government’s autonomous organisation, Royal Commission in Jubail and Yanbu (RCJY), represented by the Jubail and Yanbu Industrial Services Company, and the port operator, was held on 15 February 2021.
Courtesy of Hutchison Ports
To be developed in two phases, the multipurpose port will consist of a container terminal and a general cargo and dry-bulk terminal. Each will be equipped with advanced handling equipment and have quayside draft of 16.5 meters, according to Hutchison Ports.
Abu Dhabi: The Royal Commission in Jubail, a city in the Eastern province on the Arabian Gulf coast of Saudi Arabia and home to the largest industrial city in the world, started developing the infrastructure required for attracting three global automakers, Mohammad Al Zahrani, Director of Industrial Investment Development Department told Al Arabiya TV.
Al Zahrani expects the first Saudi-made car to be manufactured in 2022. The move comes in coordination with South Korea’s SsangYong Motor Co. through setting up a car assembly center. Engineering designs are in advanced stages, Al Zahrani said.
The study conducted by the Royal Commission eyes to attract almost SR40 billion ($10.67 billion) direct investments to the automotive industry by 2040, Al Zahrani added, noting that this sector will contribute SR80 billion to the Saudi Gross Domestic Product (GDP) and provide 27,000 direct jobs.
RIYADH: The Royal Commission in Jubail started developing the infrastructure required for attracting three global automakers, Mohammad Al-Zahrani, Director of Industrial Investment Development Department told Al-Arabiya TV, expecting the first Saudi-made car in 2022. The move comes in coordination with South Korea’s SsangYong Motor Co. through setting up a car assembly center.