This article includes a list of general references, but it lacks sufficient corresponding inline citations .(January 2013) |
الهيئة الملكية للجبيل وينبع | |
Agency overview | |
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Formed | 1975 |
Headquarters | Riyadh Jubail & Yanbu Riyadh |
Agency executives |
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Website | www |
The Royal Commission for Jubail and Yanbu (RCJY) was established on 21 September 1975, as an autonomous organization of the Saudi Arabian Government. The commission is governed by a board of directors and its chairman reports to the Council of Ministers. The chairman's office in Riyadh formulates policies and oversees implementation through two Directorates General; one in Jubail and the other in Yanbu. [1]
In 1975 (1395H) and as a part of the second development plan, the Kingdom of Saudi Arabia laid down a development strategy that aims to diversify economy and to minimize dependence on raw oil income. A historical strategic decision was made to support and expand its industry base represented in the Royal Decree No. M/75 which directed the foundation of the Royal Commission for Jubail and Yanbu on 21 September 1975 [2] as an administrative and financial independent organization run by a board of directors whose chairman reports directly to the Council of Ministers. The first secretary general of the Royal Commission established by King Khalid was Abdullah bin Faisal bin Turki. [2] Policies are laid down by the Royal Commission's headquarters in Riyadh and are executed through the directorates general of both Jubail and Yanbu Industrial Cities.
The mission of the RCJY is to: "Plan, promote, develop and manage Petrochemicals and Energy intensive industrial cities through successful customer focus and partnerships with investors, employees, communities and other stakeholders." These industrial cities are Jubail, Yanbu, Ras Al-Khair and the newest project Jazan. [3]
Saudi Aramco, officially the Saudi Arabian Oil Company or simply Aramco, is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia. As of 2024, it is the fourth-largest company in the world by revenue and is headquartered in Dhahran. Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than 270 billion barrels, and largest daily oil production of all oil-producing companies.
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