The Royal Commission in Ras Al-Khair Industrial City has signed an agreement to establish an industrial park worth 15 billion riyals ($3.9 billion) on the east coast of Saudi Arabia. The committee stated that the 3-million-square-meter complex will provide iron sheets for the manufacture of automobiles and ships.

According to the Saudi Commission, the industrial park will provide more than 1,600 direct jobs and more than 8,000 indirect jobs. The transaction belongs to the framework of its efforts to promote and attract investment to match the development of the industrial growth movement in its affiliated cities.Editor/XingWentao