Saudi RCJY allocates $370 mln for 11 infrastructure projects
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Saudi Arabia-based Royal Commission for Jubail and Yanbu (RCJY) has signed 11 contracts at a combined value of SAR 1.3 billion to implement construction projects that will contribute to developing infrastructure and piling works.
These projects will be implemented in Jubail, Yanbu, Ras Al Khair, and Jazan Economic City, according to an official statement.
The deals, which were sealed with local and foreign firms, included setting up projects in the electricity, industry, education, engineering, and healthcare sectors.
These investments are part of Saudi Vision 2030, intended to diversify the kingdom’s economy and invest more heavily in infrastructure.