Prince Saud bin Nayef bin Abdulaziz, Governor of the Eastern Province, emphasized the great role that the Eastern Province plays in supporting the national economy of the Kingdom and the expansion of the region's industrial activities in particular, especially after the establishment of Ras Al Khair Industrial City on the Arabian Gulf to the north of Jubail Industrial City.

Prince Saud said in an interview with Oxford Business Group that will be included in its upcoming report on the Kingdom. <Prince Saud said in an interview with the Oxford Business Group that will be included in its upcoming report on the Kingdom: Saudi Arabia 2018, the Eastern Province plays a key role in realizing the goals of the Kingdom's Vision 2030 due to its economic potential and being the base for many Saudi industries.

Prince Saud said in an interview with the Oxford Business Group that will be included in its upcoming report on the Kingdom. In this regard, he pointed out that the opening of several industrial cities in the region will lead to further specialization and development, pointing to the impact of Ras Al Khair Industrial City in particular in this regard, as it is a comprehensive multi-faceted project that will expand the industrial base in the region and nurture the emerging sub-economic sectors.

His Highness said that “the Eastern Province plays a key role in achieving the objectives of the Kingdom's Vision 2030 due to its economic potential and being a base for many Saudi industries. <”The Eastern Province is home to first-class petrochemicals and basic industries, which makes it an important supporter and sponsor of the Kingdom's industrial sector,“ he said. He added that Ras Al Khair City ”will be one of the largest industrial complexes, as it includes three vital economic sectors, namely: Mining, construction and maintenance of mega ships, and manufacturing, which will be fueled by raw materials including aluminum, iron and petrochemicals, which will open new horizons for industry in the Kingdom.“

His Highness explained that Ras Al Khair City's track record is one of the largest industrial complexes in the Kingdom. The region's track record of successes in power generation and manufacturing advanced spare parts for the energy and petrochemical sectors confirms that the region is well-equipped to support national efforts to take many industrial sectors to more advanced levels.”

Prince Saud said. Prince Saud bin Naif said the Kingdom's many competitive advantages, coupled with increased funding for many key initiatives, will help the country retain foreign direct investment, even as government subsidies are reduced. "Creating an enabling environment for foreign direct investment is critical if we are to achieve our goal of increasing its share of GDP by 5.7% this year in line with Vision 2030 goals."

His Royal Highness added: "Creating an environment conducive to foreign direct investment is important and critical if we are to achieve our goal of increasing its share of GDP by 5.7% this year in line with the objectives of Vision 2030.