Saudi Jazan City holds $23bn in investment opportunities: RCJY chairman 

Saudi Jazan City holds $23bn in investment opportunities: RCJY chairman 

RIYADH: The Jazan City for Basic and Transformation Industries, which is still under construction, currently holds SR88 billion ($23.4 billion) worth of investment opportunities, according to Khalid Al-Salem, chairman of the Royal Commission for Jubail and Yanbu. While speaking at the inaugural ceremony of the Port of Jazan Primary and Downstream Industries, Al-Salem said that Jazan City is attracting qualitative investments and forging partnerships with international parties. JPDI was inaugurated by Prince Mohammed bin Nasser bin Abdulaziz on Sept. 7, in presence of several officials, partners, as well as local and foreign investors. Al-Salem noted that the establishment of Saudi Silk Road Industrial Services Co., a joint venture incorporated by Guangyin International Investment Development Ltd., Royal Commission for Jubail and Yanbu, and Saudi Aramco Development Co., is proof of Saudi Arabia’s strengthening trade and investment relationship with China. Al-Salem added that the Royal Commission for Jubail and Yanbu has also signed an investment and operation agreement for the port with Hutchison Ports Co. He noted that another agreement has been signed to establish an aluminum refinery with the Chinese company Hangzhou Jinjiang, with an estimated investment of SR4 billion. Al-Salem added that an investment agreement has been signed to establish