RCJY signs 2 investment agreements worth SAR 1.1B

Headquarters of Royal Commission for Jubail and Yanbu

The Royal Commission for Jubail and Yanbu (RCJY) signed two investment agreements to establish two factories for float glass and pipe products, with a value of SAR 1.1 billion.

The first agreement was signed with Saudi Guardian International Float Glass Co. Ltd. (Gulf Guard)— a 55%-owned associate firm of National Co. for Glass Industries (Zoujaj)—with an investment volume of SAR 900 million, RCJY said on X platform.

The agreement allocated a site to establish a factory for float glass production, with a production capacity of about 255,000 tons annually.

The flat glass project is expected to create 320 jobs and is likely to start operation in Q1 2027.

Meanwhile, the second agreement was inked with the Future Pipe Industries Ltd., at an investment volume of SAR 200 million.

The agreement includes allocating a site to establish a factory to manufacture pipe products, with an annual capacity of about 43,000 tons.

The project is forecast to create 290 job opportunities, and the start of operation is projected to be in Q1 2026.