New Cities and Concepts of Value
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Appendix: <strong>New</strong> City Pr<strong>of</strong>iles<br />
Appendix: <strong>New</strong> City Pr<strong>of</strong>iles<br />
Jazan Economic City, Saudi Arabia<br />
Jazan Economic City (JEC), planned on the Red Sea coast <strong>of</strong> Saudi Arabia, overlooks an<br />
important route for maritime transport in the Red Sea connecting Europe, East Africa <strong>and</strong><br />
Asia. It aims to leverage available raw materials in the southwest <strong>of</strong> the country <strong>and</strong> an<br />
abundant labor source to foster development <strong>of</strong> Saudi Arabia’s people <strong>and</strong> economy.<br />
Situated along the main Red Sea shipping route, JEC’s industrial strategy focuses on<br />
creating value chains through carefully selected sectors for export that will see a clustering<br />
<strong>of</strong> industries. Oil, steel, <strong>and</strong> titanium refining <strong>and</strong> production facilities will provide strong<br />
downstream opportunities in manufacturing <strong>and</strong> processing, including food processing<br />
<strong>and</strong> textiles. A local Technical <strong>and</strong> Vocational Training Corporation seeks to train <strong>and</strong><br />
employ thous<strong>and</strong>s <strong>of</strong> young Saudis during JEC’s development, contributing to local <strong>and</strong><br />
national development goals.<br />
Timeframe<br />
2007 - 2031<br />
Size<br />
108 km 2<br />
Intended population<br />
150,000<br />
Cost<br />
Over $50 billion<br />
Financing<br />
Local <strong>and</strong> international investors<br />
Photo Credit © Jazan Economic City<br />
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