Yanbu Industrial City to Introduce Saudi Market Opportunities to Los Angeles Businesses
LOS ANGELES, CA - March 30, 2015 - Executives for the Royal Commission at Yanbu (RCY), the master planner and managing authority for Saudi Arabia’s Yanbu Industrial City, are hosting an exclusive roundtable at The Beverly Hilton from 9:30 am - 5:00 pm. The objective of the program is to share information, address concerns, and engage in dialogue with a select group of companies who operate in the target industries that Yanbu would like to support and grow in Saudi Arabia.
These target industries include chemicals and plastics, packaging, desalination, energy, motor vehicles, fabricated metals, specialized glass and logistics. Royal Commission executives will talk about infrastructure support, financial incentives, availability of feedstocks, and the market for key target sectors in Saudi Arabia. The Saudi delegation will be led by His Excellency Dr. Alaa Nassif, CEO of RCY. Dr. Nassif is joined by Mr. Adel Al-Mubarak, Commercial Attaché at the Saudi Embassy in Washington, D.C., as well as representatives from the Consulate General of Saudi Arabia in Los Angeles and the Office of the Mayor of Los Angeles.
Yanbu Industrial City has been a magnet for foreign investment and industrial activity for the past 40 years in Saudi Arabia. Under the leadership of the RCY, the city is anticipated to become the world’s largest refining hub by 2019 and one of Saudi Arabia’s favored locations for new industrial development. Together with Jubail Industrial City, the Royal Commission accounts for 65% percent of industrial investment in the Gulf Region and enjoys a 20.2% average annual growth rate for FDI.
The Los Angeles program is organized by the U.S.-Saudi Arabian Business Council (USSABC). Commenting on the event, USSABC CEO and President Edward Burton said, “Yanbu’s competitive package of land, utility and infrastructure services coupled with its access to Middle Eastern, European, Asian and African markets make it a must for consideration for any international firm looking to expand its footprint in the region.”
About the Royal Commission for Jubail and Yanbu
Established in 1975, the Royal Commission for Jubail and Yanbu (RCJY) works to plan, promote, develop, and manage petrochemicals and energy intensive industrial cities in Jubail, Yanbu, and Ras Al-Khair through successful customer focus and partnerships with investors, employees, communities, and other stakeholders. Created specifically to focus on the hydrocarbons sector, Jubail Industrial City (Jubail), located North of Dammam on the Arabian Gulf, and Yanbu Industrial City (Yanbu), situated on the Red Sea are world class industrial sites that have been instrumental in the development of the Kingdom’s downstream industry. Ras Al-Khair, a new minerals industrial city located 60 kilometers north of Jubail under development since 2009, will draw on the region’s abundant reserves of bauxite and phosphates, as well as oil and gas, to become home to industries including aluminum and fertilizers as its anchor industries and conversion industries. For more information on the RCJY, please visit www.rcjy.gov.sa.
About the U.S.-Saudi Arabian Business Council
The U.S.-Saudi Arabian Business Council (USSABC) was established in December 1993 to improve mutual knowledge and understanding between the private sectors of the U.S and Saudi Arabia and to promote and facilitate increased trade and investment between the two countries. The USSABC has built a membership base of approximately 350 leading companies in the U.S. and Saudi Arabia and serves as a central source of information and assistance for companies that want to pursue specific business activities in Saudi Arabia. The USSABC organizes conferences and seminars in both countries to promote business dialogue as well as trade and investment missions to help build new business relationships. For more information on the Business Council, please visit www.us-sabc.org.
Manager, Communications and Information Services
U.S.-Saudi Arabian Business Council
Phone: (703) 962-9300