Chairman of the Royal Commission for Jubail and Yanbu; Abdullah Al-Saadan; laid the foundation stone for a SR3.3 billion ($879.8 million) factory to produce LED lighting lamps in the in Blaskim area in Jubail 2.
The factory for China’s Shengkong International Company for Industry is expected to create more than 4;000 jobs; SPA reported.
The project has come together thanks to the collaboration between the Royal Commission and further partners from Saudi Aramco; SABIC; Saudi Silk Road Company and China; Al-Saadan said.
Jubail Industrial City and also the other Royal Commission cities also represent 6 percent of petrochemical production worldwide; he said.
SABIC and Shengkong International signed a Memorandum of Cooperation (MoC) in order to supply the project with the necessary raw materials; while the Saudi Silk Road Company for Industrial Services and CPC Company will produce plastic materials for medical use.