Jazan secures SAR 1.4 bn in industrial investments: Jazan City for Primary and Downstream Industries (JCPDI) signed agreements for industrial investments in Jazan, totalling SAR 1.4 bn, state news agency SPA reports.

Who’s investing? Kingdom Tyres will invest SAR 1.26 bn to establish a 625k sqm tire manufacturing facility, while Built, Al Hadi Group, and Ramz Al Arabiya will jointly invest SAR 80.8 mn for a 63.3k sqm site. Miqyas Al-Madhaq Industries is committing SAR 48 mn for a 50k sqm site, while Masdar Elevators will allocate SAR 6.5 mn for a 1.7k sqm site.

ALSO- Moon Way, Parcelat, and Excellence Media will invest SAR 685k collectively in tourism and public facility projects. Meanwhile, Sulb Steel and Southern Province Cement will collaborate with JCPDI under an MoU to promote using slag for eco-friendly cement production.

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