Riyadh – Mubasher: The chairman of the Royal Commission for Jubail and Yanbu (RCJY), Saud bin Thunayan, signed a number of contracts with national and international companies at a total value of SAR 1.88 billion.

The deals aim to implement a number of projects to attract and nationalise more investments, adding to establishing services facilities, developing infrastructures and industrial lands, and providing environmental services, according to Saudi Press Agency (SPA).

The royal commission also inked three contracts with a specialised firm to develop a piece of land on a total area of 600 hectares at Ras Al Khaimah Industrial City to use it for the basic and secondary metal industries and other related mining industries.

The signed agreements include a contract to engineer, supply, and establish a subsidiary power plant in Ras Al Khaimah Industrial City and another deal to divide and develop the industrial zone of the city.

Moreover, a contract to improve Ar Reggah neighbourhood was also inked, the statement added.