George Dinic, program manager at US consultant Bechtel, says that contracts for stage 2 of the industrial city’s expansion will continue to be awarded throughout the year, despite the global economic crisis.
When complete, Jubail 2 will double the size of the existing Jubail Industrial City. It is being built over four phases, with the cost of setting up the infrastructure estimated at SR14bn ($3.7bn).
A completion date has now been set for 2015.
The Royal Commission for Jubail & Yanbu expects to attract $56bn in investment, largely from international petrochemicals companies (MEED 23:11:09).