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RCJY to invest SR67.5bn to double area by 2030

The Royal Commission of Jubail and Yanbu (RCJY) intends to invest SR67.5 billion to double its industrial area by 2030, attracting more industrial and commercial investments and manpower in parallel with the expansion of its residential area, which will provide 50,000 residential units and establish a new university for the Royal Commission (RC) in 2026.
According to a report issued by the RCJY this week during the Jubail International City Planning Forum that was held here on Feb. 11-12, there is a plan for establishing a new city center for Jubail Industrial City by the finest architectural methods for commercial, residential, business and entertainment services that will accommodate 1.3 million residents by 2040.
Ahmed Al-Balawi, RCJY’s general director of technical affairs in Jubail and the forum organizing committee chairman, told Arab News that the new city center will be located in the heart of the Jubail Industrial City on Marduma Bay in a reclaimed area of 280 hectares.
Al-Balawi said: “The new city center will feature the main buildings and centers of the big firms, area for central commercial business, centers for exhibitions and conferences, large shopping malls, hotels and luxurious apartments and the required facilities.”
He said: “The center is unique for its buildings’ design and height, where they are up to about 150 meters; trams and boats will be available in the project to help center-goers move from one area to another.”
Al-Balawi added: “The commission’s aim, behind creating a new city center, is to change the concepts of old stereotyped lifestyle into a more globalized one with the commitment to our principles. The new center is planned to succeed in attracting diverse investments in commerce, housing, business and entertainment, which will be double the investments in the current city.”
He said: “The project includes a building for the University of the Royal Commission in Jubail that will be located south of Marduma Bay and consists of integrated facilities for boys and girls with a capacity of about 18,000 students.
The building will be designed according to the highest technical specifications in order to be an architectural addition on the level of the Eastern Province.”