Many benefits .. Learn about Saudi Arabia’s gains from Jafurah

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Confirmed Faculty member at the College of Economics and Administration, Qassim University, Dr. Fahd bin Sulaiman Al-Nafea, The projected estimates of the production of the Jafurah field of natural gas, which may, if the development is completed, reach 2.2 trillion cubic feet by 2036, and this will achieve an estimated income of about 8.6 billion dollars annually. .

Dr. Al-Nafea said in statements to “Previously,” that the entry of a new source is added to the national income sources represented in this field 170 km long and 100 km wide, which estimated the volume of gas resources in his reservoir at about 200 trillion cubic feet of wet gas, which contains liquids Gas in the petrochemical industries and high-value capacitors will raise GDP by an estimated $ 20 billion (75 billion riyals) annually.

Al-Nafie said that talking about these estimated figures means that Saudi Arabia is entering a renewed economic stage in light of deliberate economic plans under the umbrella of Vision 2030.

He added that these ambitious economic indicators will have a positive impact on the national economy and the lives of citizens.

He continued: The development of the Al-Jafoora field in light of the Saudi economic environment, which is characterized by integrated economic and investment components, will accelerate the utilization of the production of this field and achieve its goals.

He pointed out that one of the goals of Vision 2030 is the multiplicity of income sources, in order to face any economic obstacles that may occur to the first source (oil), and for the sake of the state benefiting from all available sources.

He continued: Developing this new source, which will be directed to the local sectors in industry, electricity, water desalination, mining, and others to keep pace with ambitious growth rates according to Vision 2030 under the guidance of decent leadership, will enhance domestic investment opportunities, and will create new job opportunities for the nation’s young men and women.

He concluded his statements by saying: Saudi Arabia today raced time in implementing its prepared economic plans, and created a strong and disciplined economic environment that made it benefit from every resource discovered, and the state directs to support local industries in general, and petrochemical industries in particular, is a qualitative shift in line with the size of its high economic position, And affecting at the international level, and leads to the provision of direct and indirect job opportunities for citizens in those sectors and others, and will make Saudi Arabia one of the most important gas producers in the world to be added to its position as the most important oil producer.



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