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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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