King Sal­man inau­gu­rates mega projects in Ras Al-Khair, Jubail

Sadara and SATORP ‘rep­re­sent a bold un­der­tak­ing’ for Saudi Aramco

Arab News - - SAUDI ARABIA - MO­HAMMED AL-SULAMI

RAS AL-KHAIR/JUBAIL: Cus­to­dian of the Two Holy Mosques King Sal­man in­au­gu­rated Tues­day a group of ba­sic in­fra­struc­ture and de­vel­op­ment projects in Jubail and Ras Al-Khair in­dus­trial cities on the Gulf coast.

The in­au­gu­ra­tion cer­e­monies were at­tended by Eastern Prov­ince Gov. Prince Saud bin Naif and a num­ber of princes, min­is­ters, gov­ern­ment of­fi­cials, pri­vate sec­tor of­fi­cials, and other dig­ni­taries.

The king in­au­gu­rated the Sadara Chem­i­cal Com­pany (Sadara) and the Saudi Aramco To­tal Re­fin­ing and Petro­chem­i­cal Co. ( SATORP) in Jubail. The two projects are among the largest fa­cil­i­ties in the re­fin­ing and petro­chem­i­cals in­dus­tries that sup­port the ob­jec­tives of Saudi Vi­sion 2030.

The Vi­sion aims to cre­ate new in­dus­tries that will help pro­vide new job op­por­tu­ni­ties for Saudis, as well as at­tract for­eign in­vest­ment to the King­dom. Sadara and SATORP are aligned with th­ese ob­jec­tives and are the re­sult of suc­cess­ful part­ner­ships be­tween Saudi Aramco and two global com­pa­nies — the Dow Chem­i­cal Com­pany and To­tal — which are lead­ers in their re­spec­tive ar­eas of busi­ness.

Min­is­ter of En­ergy, In­dus­try and Min­eral Re­sources Khalid Al - Falih, who is also chair­man of Saudi Aramco, said: “Sadara and SATORP rep­re­sent a bold un­der­tak­ing for Saudi Aramco and its re­spec­tive part­ners, Dow Chem­i­cal and To­tal. It is a ma­jor driver in achiev­ing our goals of greater in­te­gra­tion and value ad­di­tion. They rep­re­sent the con­crete re­al­iza­tion of our dis­tinct yet com­ple­men­tary cor­po­rate vi­sions — it is one way in which Saudi Aramco is help­ing to de­liver on its abid­ing com­mit­ment to the King­dom.”

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. 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 3 mil­lion tons of var­i­ous plas­tics and chem­i­cal prod­ucts an­nu­ally.

The king also laid the cor­ner­stone of the King Sal­man In­ter­na­tional Com­plex for Mar­itime In­dus­tries & Ser­vices, near Jubail, which 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. The project will com­ply with all of the Saudi gov­ern­ment’s en­vi­ron­men­tal and sus­tain­abil­ity re­quire­ments.

At Ras Al- Khair, Al- Falih gave a speech in which he ex­pressed his plea­sure at the king's pres­ence on the oc­ca­sion of the in­au­gu­ra­tion of the de­vel­op­ment projects. The projects, he said, would put Ras Al-Khair on the map as a key con­trib­u­tor to an in­te­grated and pro­duc­tive econ­omy as one of the King­dom's de­vel­op­men­tal suc­cesses and a source of pride.

“Like your fa­ther, King Ab­du­laziz ( may he rest in peace), who was the King­dom’s founder, and who had the vi­sion and in­sight to launch the Saudi oil in­dus­try im­me­di­ately af­ter the coun­try's uni­fi­ca­tion, you to­day are in­au­gu­rat­ing a com­pre­hen­sive group of projects for the min­eral re­sources sec­tor in Ras Al- Khair In­dus­trial City, and in turn mak­ing it a launch pad to move to­ward broader de­vel­op­ment, growth and pros­per­ity for the King­dom and its peo­ple,” said the min­is­ter.

“What we cel­e­brate to­day is a true em­bod­i­ment of the keen­ness to di­ver­sify sources of in­come in the na­tional econ­omy and open the doors for strate­gic in­dus­tries to op­er­ate and flour­ish,” he added.

“For this, we are com­mit­ted, un­der your guid­ance, to en­sure th­ese projects are founded on the same solid foun­da­tions that have con­trib­uted to the suc­cess of pre­vi­ous strate­gic ini­tia­tives, namely: Con­scious in­vest­ment and dili­gent plan­ning for the coun­try’s re­sources and wealth; com­mit­ment to the high­est levels and in­ter­na­tional stan­dards of plan­ning and im­ple­men­ta­tion; keen­ness to es­tab­lish strate­gic part­ner­ships with rel­e­vant in­ter­na­tional in­sti­tu­tions; cau­tious in­crease of lo­cal con­tent in th­ese projects; se­ri­ous and con­sis­tent in­vest­ment in na­tional hu­man re­sources through train­ing, re­ha­bil­i­ta­tion and em­ploy­ment gen­er­a­tion.”

“The gov­ern­ment has sought to sup­port the de­vel­op­ment of the min­eral re­sources sec­tor as per new and ex­cep­tional com- pe­t­i­tive out­puts, and with large in­vest­ments ex­ceed­ing SR130 bil­lion al­lo­cated to de­vel­op­ing the es­tab­lish­ment of ba­sic in­fra­struc­ture, in­clud­ing trains, wa­ter and power plants, ports, net­works of gas and sul­fur, phos­phate and alu­minum fac­to­ries linked to mines founded by Maaden, the Saudi Ara­bian Min­ing Com­pany.

Maaden to­day is clas­si­fied among the 10 largest min­ing com­pa­nies in the world, only 9 years af­ter it was founded,” he said.

The min­is­ter also thanked all in­volved par­ties for the no­table suc­cess, say­ing, “I take this op­por­tu­nity to ex­tend my thanks to all our part­ners, par­tic­u­larly the Saudi Rail­way com­pany for its out­stand­ing ef­forts re­gard­ing the North South Rail­way Line Project, which has a length of 3,000 km. It can help Maaden Phos­phate and Maaden Alu­minum de­liver phos­phate and baux­ite ore from mines in the north and cen­ter of the King­dom to man­u­fac­tur­ing ar­eas in the cities of Ras Al- Khair.”

The de­vel­op­ment and min­ing in­fra­struc­ture projects in Ras Al- Khair in­clude the rail­way project, the min­ing train, the Ras Al- Khair wa­ter de­sali­na­tion and power plant, Ras Al- Khair port, Maaden phos­phate mine in Jalamid in the North­ern Bor­der Re­gion, Al- Ba’itha baux­ite mine in Qas­sim, Maaden phos­phate com­plex in Ras Al- Khair, and Maaden Alu­minum com­plex also at Ras Al- Khair.

They also in­clude ba­sic in­fra­struc­ture projects car­ried out by the Royal Com­mis­sion for Jubail and Yanbu, which is the man­age­ment and op­er­a­tion body in Ras Al-Khair.

King Sal­man is briefed about de­vel­op­men­tal projects of the Royal Com­mis­sion and Saudi Aramco in Jubail on Tues­day. (SPA)

King Sal­man with min­ers at Ras Al-Khair on Tues­day. (SPA)

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