Economy
Royal Commission for Jubail and Yanbu to establish $1bn rubber tires factory
Follow-ups -eshrag News:
Wed, 2022-06-01 18:10
RIYADH: Saudi Arabia’s Royal Commission for Jubail and Yanbu has concluded a conditional investment agreement with Kingdom Tyres to build a SR4 billion ($1 billion) factory.
The facility will be built on an area of 50 hectares, according to a tweet on RCJY’s official account.
It is also expected to provide 1200 job opportunities for Saudis trained at the High Institute for Elastomer Industries in Yanbi.
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