Investments in Ras Al-Khair top SAR 176B: Official

18/03/2025 Argaam
Mahmoud Al-Theeb, Acting CEO of the Royal Commission in Jubail

Mahmoud Al-Theeb, Acting CEO of the Royal Commission in Jubail

Mahmoud Al-Theeb, Acting CEO of the Royal Commission in Jubail, said total investments in RasAl-Khair Industrial City (RIC) have surpassed SAR 176 billion by the end of 2024.
The private sector accounts for 91% of these investments, Al-Eqtisadiah reported citing Al-Theeb.
Every riyal invested by the Commission in RIC delivers a return of up to 12 times its value, he added.
The Commission is focused on attracting high-value mining industries to drive economic growth and diversification, Al-Theeb said.
He also revealed plans to expand Ras Al-Khair Port by adding berths and deepening the harbor, boosting exports, particularly iron sheets.

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