4 govt entities seek to raise investments in Ras Al-Khair: Official

Mahmoud Al-Theeb, CEO of the Royal Commission for Jubail and Yanbu (RCJY), said that four government entities seek to define the target market size and boost investments in the Minerals Industrial City (Ras Al-Khair).

According to Al-Eqtisadiah, RCJY steps up effort to attract investments in collaboration with the ministries of investment, energy, and industry and mineral resources, along with other related government bodies.

This effort aims to set the target market size and facilitate investments to push development and boost the private sector’s contribution to local economy, Al-Theeb added.

Argaam earlier cited Al-Theeb as saying that investments in Ras Al-Khair city exceeded SAR 176 billion at the end of 2024.

The private sector holds 91% of these investments. Al-Theeb also explained that every riyal being invested by the Commission in the city delivers a return of up to 12 times its value.