Industrial City in Ras Al-Khair Points to the Kingdom’s Economic Future

Industrial City in Ras Al-Khair Points to the Kingdom’s Economic FutureIN the desert, far from the skyscrapers and busy streets of its big cities, Saudi Arabia is looking to build its future on two other natural resources.

Phosphate minerals, used to produce fertilizer, and bauxite, the chief ore in making aluminum, are at the core of an effort to make mining a pillar of a diversified Saudi economy.

About 80 kilometers north of Jubail on the Gulf coast, the Ras Al-Khair Industrial City has risen from the barren sands of the desert over the last eight years.

After an investment of nearly $35 billion (SR131 billion), the project will be officially inaugurated by Custodian of the Two Holy Mosques King Salman next week — a symbol of how the world’s largest oil exporter seeks to lessen its reliance on petroleum.Industrial City in Ras Al-Khair Points to the Kingdom’s Economic Future