The Royal Commission in Saudi Arabia has inked five agreements totaling more than $11.4 billion for the development of significant industrial projects in the Saudi cities of Ras Al Khair and Yanbu.
According to the Royal Commission’s statement, these include one with the Red Sea Aluminum Industrial Company in connection with the leasing of industrial land in Yanbu Industrial City to establish a factory project for smelting and rolling aluminum and its alloys, drawing, purifying, and casting, as well as casting non-ferrous metals.
The project is expected to provide 5,517 job opportunities
The project is expected to provide 5,517 job opportunities in addition to offering a significant boost to mining infrastructure projects via a mining ore distribution port, which serves as a critical gateway to global markets.
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