2007 News Story

Jubail Water & Electricity Company to be established

Minister of Commerce and Industry today approved the establishment of the Jubail Water & Electricity Company. The new company, which will have a capital of $1.3 million [SR5 million], will operate the water and electric projects for the Jubail Industrial City. Its establishment is in line with ongoing efforts to expand and diversify the Saudi economy as well as encouraging the private sector to play a significant role in economic development.