Jazan Economic City

more than $27 billion in investment will create 500 000 new jobs

Information website:
jazan-economic-city.com

Price: $27 billion

About Jazan Economic City

Located 725 km south of Jeddah and covering 100 million sq m Jazan Economic City is expected to attract more than SR100bn in investment and create some 500,000 new jobs. The city includes a seaport, an industrial zone, a commercial business district, residential areas, public amenities such as hospitals and schools, as well as other academic and vocational training institutions.

Jazan Economic City is also ideally placed at the mouth of the Red Sea to service markets in Europe, Asia and East Africa as well as to receive raw materials from the surrounding countries that are currently not well served with processing and manufacturing facilities.

Though the 40-square-mile area today is little more than desert scrubland, over the next couple of decades it is to become a $30 billion industrial zone that’s home to hundreds of thousands of people. One barren parcel is slated to house a $4.5 billion aluminum smelter run by China’s Chalco (ACH), another a refinery, and a third a steel complex.