RCJY signs SAR 1.2 bln agreement to set up copper smelting, casting plant

Agreement signing ceremony

Ahmed Hassan, CEO of Royal Commission for Ras Al-Khair Industrial City, signed today, Sept. 6, an agreement worth SAR 1.18 billion to allocate industrial land for Gulf Copper Industrial Co.

The agreement is for the establishment of a copper smelting and casting plant over an area of 250,000 square meters in Ras Al-Khair Industrial City, the Royal Commission for Jubail and Yanbu said on its Twitter account.

In January, the top executive told Argaam that the volume of state investments in the city is about SAR 15 billion, adding that the commission was able to attract investments worth SAR 135 billion from the private sector.