Ras Al Khair to contribute $9 bln annually to non-oil GDP: report

27/11/2016 Argaam

Saudi Arabia’s King Salman is scheduled to inaugurate on Tuesday the $35 billion Ras Al Khair industrial city project, a multi-commodity minerals hub located in the Eastern Province, Saudi Gazette reported.

 

Ras Al Khair is set to generate thousands of jobs directly and indirectly for the local workforce, contributing $9 billion annually toward Saudi Arabia’s non-oil GDP, it was reported.

 

The project houses the Maaden Aluminum complex, a SAR 40.5 billion joint venture (JV) between Maaden and Alcoa; the Maaden Phosphate Company, a SAR 21 billion JV with SABIC; and a desalination and power plant billed to be among the world’s largest.

 

The Ras Al Khair city is connected to the main mines in the kingdom by a 1,400 km railway, and also includes a SAR 3 billion port built to export petrochemical, phosphate, and aluminum products manufactured at nearby facilities. 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.