From Al-Eqtisadiah, Riyadh

Thursday 9 July 2026 12:33 | 2 minutes read

The Royal Commission for Jubail and Yanbu in Saudi Arabia signed an agreement to implement a residential project in Yanbu Industrial City, worth 307 million riyals, to finance and build 200 residential villas within the 'Yanbu 1' project over 3 years, to meet the needs of residential neighborhoods in Al-Aziziyah and Al-Nakheel districts.

The agreement was signed between Jabeen Company and Yasref Company, and the project contributes to providing integrated housing units and enhancing the urban environment in Yanbu Industrial City, in line with the rapid growth witnessed by the city.

The project comes as an extension of the Royal Commission's approach to strengthening partnership with the private sector and developing integrated urban communities that provide a modern residential environment.

Investments exceed 1.5 trillion riyals

The Commission had announced last April that the total volume of investments in its industrial cities rose to more than 1.5 trillion riyals by the end of 2025.

This growth comes as an extension of the Commission's role as one of the main enablers of the National Industrial Development and Logistics Program (NIDLP), which aims to transform Saudi Arabia into an industrial power and a global logistics platform, by developing the industry, mining, energy, and logistics sectors and enhancing their integration and investment attractiveness.

29 billion riyals worth of projects in June

In a report by the Saudi Contractors Authority this month, it revealed that June recorded the highest number of projects awarded during 2026, with 25 projects, while the total value of projects exceeded 29.5 billion riyals, ranking second in value after May, during which project values exceeded 30 billion riyals.

The report showed that the construction and building sector accounted for the largest share of projects, with a total of 14 projects worth over 20.6 billion riyals, representing 56% of total projects, followed by the infrastructure and water and energy sectors, each with 20%, and then the oil and gas sector with 4%.

Geographically, the Eastern Region topped the number of projects awarded during June with 10 projects, representing 40% of total projects, and ranked first in terms of investment value with a total exceeding 11.4 billion riyals, followed by the Riyadh Region with a value exceeding 10.8 billion riyals.

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