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Yanbu investments to hit $43.6bn
- Saudi Arabia: Sunday, December 16 - 2007 at 14:52
Aqili Khawaji, the DG of the Royal Commission for Jubail and Yanbu, has said that the total investment at Yanbu Industrial City should reach $43.6bn within five years, reported Arab News. Khawaji added that investors were looking to pump around $20bn into the petrochemical and metallurgy sectors at Yanbu 2, the new twin of the existing industrial city. The first phase of Yanbu 2 should be ready in 2010.
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