Every SAR 1 paid in govt sector draws SAR 9 from private investments: RCJY

Khalid Al-Salem, President of Royal Commission for Jubail and Yanbu (RCJY)

Total investments in Royal Commission for Jubail and Yanbu (RCJY) cities exceeded SAR 1.5 trillion, with the private sector accounting for about 84% and government spending on infrastructure making up the remaining 16%, President Khalid Al-Salem said.

This implies nearly SAR 9 in private investment for every SAR 1 of government spending.

In an interview with Al Eqtisadiah newspaper, Al-Salem revealed that the next phase will focus on attracting investments in advanced industries, high-tech materials, and mining value chains.

The strategy also includes localizing new industries such as food manufacturing to support food security in Jazan, as well as advanced technology sectors including solar panels, 3D printing, electronics manufacturing, and digital solutions.

He added that the commission is also working to attract investments in clean energy and low-carbon technologies, including green hydrogen and carbon capture, in cooperation with the Ministry of Energy.

Efforts are also underway to develop a circular industrial ecosystem and attract industries related to batteries and green metals.

Al-Salem noted that the commission’s cities play a pivotal role in reshaping regional and global supply chains, leveraging their strategic location along the Arabian Gulf and the Red Sea.