Ras Al-Khair Announces $8.5Bn-Worth Opportunities

Ras Al-Khair Announces $8.5Bn-Worth Opportunities
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Ras Al-Khair Announces $8.5Bn-Worth Opportunities

Ras Al-Khair Announces $8.5Bn-Worth Opportunities

The industrial city of Ras al-Khair, located in eastern Saudi Arabia, has revealed $8.5 billion-worth (SAR31.9 billion) investment opportunities.

The Royal Commission for Jubail and Yanbu (RCJY) disclosed 20 investment opportunities in the fields of mineral industries.

The Commission is assigned 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.

During a virtual seminar on Thursday to review investment opportunities, the RCJY explained that these are focused on mining industries such as iron, aluminum, and copper, as well as marine industries, industrial fertilizers, glass and silica, and energy equipment and services.

Investment in these fields is expected to provide more than 7,000 jobs, the Commission noted.

Director of the Business Development Department at RCJY Abdullah Yassin al-Eid said offering investment opportunities in Ras al-Khair Industrial City affirms the support and empowerment of industrial projects.

He pointed to RCJY’s involvement in preparing general and industrial plans to develop the city.

This aims at accommodating a group of industrial sectors specialized in mining industries, in an attempt to link Ras al-Khair's products to the manufacturing industries to achieve added value.

It would also enhance local content, as well as working to find and provide job opportunities for Saudi youth.



Starbucks Workers Expand Strike in US Cities Including New York

Starbucks workers hold signs as they picket during a strike in front of a Starbucks to demand collective bargaining agreements in Burbank, California on December 20, 2024. (AFP)
Starbucks workers hold signs as they picket during a strike in front of a Starbucks to demand collective bargaining agreements in Burbank, California on December 20, 2024. (AFP)
TT

Starbucks Workers Expand Strike in US Cities Including New York

Starbucks workers hold signs as they picket during a strike in front of a Starbucks to demand collective bargaining agreements in Burbank, California on December 20, 2024. (AFP)
Starbucks workers hold signs as they picket during a strike in front of a Starbucks to demand collective bargaining agreements in Burbank, California on December 20, 2024. (AFP)

Starbucks workers have expanded their strike to four more US cities, including New York, the union representing over 10,000 baristas said late on Saturday.

The five-day strike, which began on Friday and initially closed Starbucks cafes in Los Angeles, Chicago and Seattle, has added New Jersey, New York, Philadelphia and St. Louis, Workers United said in a statement. It did not say where the New Jersey walkout was occurring.

Starbucks did not immediately respond to a request for comment outside regular business hours.

Talks between the coffee chain and the union hit an impasse with unresolved issues over wages, staffing and schedules, leading to the strike.

The union is striking in 10 cities, also including Columbus, Denver and Pittsburgh, during the busy holiday season that may impact the company's Christmas sales.

Workers United warned on Friday that the strike could reach "hundreds of stores" by Tuesday, Christmas Eve.

Starbucks began negotiations with the union in April. It said this month it had conducted more than eight bargaining sessions, during which 30 agreements had been reached.

The company operates more than 11,000 stores in the United States, employing about 200,000 workers.