Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Jazan City for Primary and Downstream Industries exports first shipment to US

The iron quantities were manufactured at the Advanced Smelting Industries Company located in Jazan. (PETRA)
  • The ship is laden with 37,000 tons of iron steel foundry product, representing the first-ever production of this commodity within the Kingdom.
  • The city's port has extensive capabilities and advanced logistical transportation services, making it a hub for trade exchanges in Saudi Arabia.

JAZAN, SAUDI ARABIA – The Jazan City for Primary and Downstream Industries has marked a significant milestone with the departure of its inaugural ship, bound for New Orleans, US.

This vessel is laden with 37,000 tons of iron steel foundry product (Pig iron), representing the first-ever production of this commodity within the Kingdom.

The iron quantities were manufactured at the Advanced Smelting Industries Company (ASIC) located in the city.

The city’s port boasts extensive capabilities and advanced logistical transportation services, making it a crucial hub for trade exchanges in Saudi Arabia.

Positioned as one of the region’s newest ports, it sits along the international trade route through the Red Sea, in close proximity to the Bab Al-Mandab Strait, African nations and the maritime Silk Road.

Consequently, the port serves as a vital gateway for the southern regions and neighboring African countries.