Jubail - The Royal Commission in Ras Al-Khair Industrial City yesterday signed an agreement to allocate industrial land with an area of ​​more than 3 million square meters, with investments exceeding 15 billion riyals, in Ras Al-Khair Industrial City.

The Royal Commission in Ras al-Khair explained that the agreement provides for the establishment and operation of an industrial complex for the production of cold and hot rolled iron, iron sheets and tin sheets, indicating that this project is the first of its kind in the Middle East and will provide iron sheets that are used in the automobile and ship industries.

The authority confirmed that signing this agreement comes within the framework of its endeavor to promote and attract investments in line with the development of the industrial growth movement of its affiliated cities, noting that the industrial complex will provide more than 1,600 direct jobs and more than 8,000 indirect jobs.