JCPDI inks deals, MoUs worth over SAR 1B

The signing ceremony

Jazan City for Primary and Downstream Industries (JCPDI) signed agreements worth over SAR 1 billion, aimed at boosting economic and developmental growth in the Jazan region, according to the state-owned SPA.

This includes an agreement with Kingdom Tyres Co. with an allocated area of 625,000 sqm and investments worth SAR 1.26 billion.

The company also entered into an agreement with Masdar Elevators Co. with an area of 1,710 sqm and investments worth SAR 6.5 million.

An agreement worth SAR 48.1 million was signed with Miqyas Al-Madhaq Industries Co. This is in addition to other deals with Built Company, Al-Hadi Group, Ramz Al-Arobah for Concrete Production, Moon Way Tour, Parcel AT, and Excellence Media.

The agreements aim to localize tire manufacturing, strengthen the food production industry through establishing specialized factories, enhance tourism services, and improve public facilities in the city.

Meanwhile, seven MoUs were signed in various industrial, petrochemical, and logistics fields, including a tripartite MoU under the supervision of the Royal Commission for Jubail and Yanbu, represented by JCPDI, in collaboration with Solb Steel and Southern Province Cement Co. This aims to collaborate on marketing SLAG material and utilizing it as a key component in cement manufacturing. The deal also aims to reduce carbon emissions and produce environmentally friendly materials.