The Royal Commission in Yanbu announced the conclusion of an agreement to establish a factory for the production of wind power generation towers, with a value of SAR 145 million.
The Royal Commission in Yanbu signed the investment agreement with Al Yamamah National Company for Steel Industries, according to the authority’s official account on the Twitter platform.
The company said that the plant is expected to start commercial production by the end of the second quarter of 2023.
It also confirmed that this step comes as part of the Royal Commission’s endeavor to diversify investment in Yanbu Industrial City, to achieve the Kingdom’s Vision 2030.
It pointed out that this industry is a qualitative addition to the industrial city of Yanbu.