The Chairman of the Royal Commission for Jubail and Yanbu, Engineer Khaled Al-Salem, appreciated the launch of 4 economic zones, which confirms the keenness to strengthen and diversify the national economy by improving the investment environment of the Kingdom. He said: “The Royal Commission for Jubail and Yanbu is proud to include two of these four regions in Ras Al-Khair and Jazan, in its cities.” Increasing the Kingdom's contribution to global value chains, which will reflect positively on the gross domestic product and on the main economic indicators.
Regarding the role that the Royal Commission will play in these areas, he emphasized the existence of agreed governance and joint complementary work in these areas between the Royal Commission for Jubail and Yanbu and the Special Economic Cities and Zones Authority, so that the Commission takes over the development of detailed designs and plans, and then develops the infrastructure according to the needs of these regions. This is done with high standards, and these areas will be managed and operated according to the operational model of the Royal Commission “Comprehensive Management” according to its organization.
He pointed out that the economic zone in Ras al-Khair will constitute an addition to the Saudi economy in terms of attracting qualitative investments related to oil extraction platforms and casting and casting of metals, in addition to investments related to the industries of engines, iron, marine ships, and others, stressing that these areas require large numbers of qualified human cadres, which will contribute to Creating new jobs, while the Jazan Special Economic Zone will contribute to attracting food and mining industries, in addition to other investments related to the logistics services sector, and will result in the creation of new job opportunities.
With regard to the facilities and competitive advantages that will be granted to investors, he explained that there are incentives, financial advantages and organizational flexibility, in addition to the operational services that are provided with high standards, all in accordance with a new legislative and procedural framework that speeds up the investor’s journey, as the one-stop-shop service in Cities will be applied. The Royal Commission for the provision of services, which will provide high governance and speed in serving the investor.
Okaz (Riyadh) @okaz_online
