Ras Al-Khair, Jubail projects to spur growth


JUBAIL/RAS AL-KHAIR: Cus­to­dian of the Two Holy Mosques King Sal­man on Tues­day in­au­gu­rated a num­ber of mega projects in Jubail and Ras Al-Khair.

In Jubail, the king in­au­gu­rated the Sadara Chem­i­cal Com­pany (Sadara) and the Saudi Aramco To­tal Re­fin­ing and Petro­chem­i­cal Co. (SATORP).

“The two projects are among the largest fa­cil­i­ties in the re­fin­ing and petro­chem­i­cals in­dus­tries that sup­port the ob­jec­tives of Saudi Vi­sion 2030,” Saudi Aramco said in a state­ment.

The Sadara project is the largest in­te­grated chem­i­cals com­plex in the world to be built in one phase. It is a joint ven­ture be­tween Saudi Aramco and The Dow Chem­i­cal Com­pany in Jubail In­dus­trial City in the Eastern Prov­ince.

The first phase com­menced op­er­a­tions in 2015, and the re­main­ing op­er­at­ing units are sched­uled for com­ple­tion by the end of 2016. The pro­duc­tion ca­pac­ity is more than three mil- lion tons of var­i­ous plas­tics and chem­i­cals prod­uct an­nu­ally.

King Sal­man also laid the cor­ner­stone of the King Sal­man In­ter­na­tional Com­plex for Mar­itime In­dus­tries & Ser­vices, near Jubail.

It was named in his honor dur­ing the ground­break­ing cer­e­mony.

The com­plex is a com­mer­cial mar­itime project that com­ple­ments the growth of the Saudi en­ergy in­dus­try and helps to meet the de­vel­op­ment, lo­cal­iza­tion and di­ver­si­fi­ca­tion ob­jec­tives out­lined by Saudi Vi­sion 2030.

The de­vel­op­ment of the com­plex will start with a mar­itime yard as an an­chor project to be com­pleted in 2021.

It will be man­aged and main­tained by Saudi Aramco’s pro­posed joint ven­ture with The Na­tional Ship­ping Com­pany of Saudi Ara­bia (Bahri), Hyundai Heavy In­dus­tries Co, and Lam­prell PLC.

The fa­cil­ity will of­fer qual­ity, ef­fi­ciency and economies of scale, and when com­pleted it will of­fer ves­sel and rig build, main­te­nance, re­pair and over­haul ser­vices.

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