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Old November 7th, 2006, 05:30 PM   #1
Mr Grosso
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JIZAN | Economic City Development News

100 Billion Riyals economic city for Jizan - Free shares for Jizan’s needy


Sunday, November 05, 2006


Custodian of the Two Holy Mosques King Abdullah yesterday announced plans to establish a SR100 billion economic city in Jizan. “We have also instructed the Ministry of Petroleum and Minerals to study the prospects of establishing an oil refinery in Jizan,” the Saudi Press Agency quoted the king as saying.

Addressing a popular reception organized by the people of Jizan, the king said the new economic city would attract more than SR100 billion in investment and create some 500,000 new jobs. He said SR375 million from the joint stock company to be formed for developing the city would be allocated as free shares to the people of limited income in the region.

Abdullah emphasized the government’s determination to boost Jizan’s development by extending special care to the region. “We don’t differentiate between regions and citizens,” he said.

The king and Prince Sultan were greeted by continuous applause when they arrived at King Faisal Sports City for the reception. Former Malaysian Prime Minister Mahathir Mohamed was also present.

In his welcome address, Jizan Gov. Prince Muhammad ibn Nasser underscored the king’s efforts for the welfare and prosperity of citizens. “Your sons in Jizan are looking forward to more welfare projects in the region,” he said.

Prince Muhammad said the king had agreed to transform Al-Rifae homes in Farasan and their surrounding areas into a cultural center with a public library. Poet Ibrahim Miftah welcomed the idea and said it is a gift from the king to the people of Farasan, which is known as the island of poets.

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Jizan Economic City Website




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Old November 7th, 2006, 05:33 PM   #2
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Jizan Economic City , Saudi Forum .




http://www.skyscrapercity.com/showthread.php?t=406821
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Old November 7th, 2006, 10:49 PM   #3
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Hmm, looks good but I dont know why they are doing all this for oil when its only got about 40 years left Still looks great. Its rare to find an industrial area like this incorporated in such a way too.
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Old November 7th, 2006, 10:51 PM   #4
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I actually dont like such preplanned communities. Gives me an atrtificial feel.
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Old November 7th, 2006, 11:08 PM   #5
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Looks fantastic! I am happy for Saudia Arabia

Quote:
I actually dont like such preplanned communities. Gives me an atrtificial feel.
Indyman, most of Europe´s or America´s towns have been pre-planned, too, some of them centuries ago...only crowdy cities have no planning! So, I don´t understand your point..
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Old November 7th, 2006, 11:58 PM   #6
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Originally Posted by Erebus555 View Post
Hmm, looks good but I dont know why they are doing all this for oil when its only got about 40 years left Still looks great. Its rare to find an industrial area like this incorporated in such a way too.
These economic cities are not related to oil. They are being built for non-petroleum industry to diversify the economy. For example, Hail Economic City is for industry related to minerals.

This economic city is also not related to oil. It will have an aluminum plant and a couple of steel and copper plants.
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Old November 8th, 2006, 03:48 AM   #7
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MMC in RM109b Saudi city project

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MMC Corporation Bhd has been awarded the rights to develop and manage a new US$30 billion (RM109.4 billion) Jizan Economic City (JEC) in Saudi Arabia, together with The Saudi Binladin Group.

Located 725km south of Jeddah, by the Red Sea, JEC is envisioned to be a fully integrated and self-contained development that will comprise industrial and non-industrial zones on a 117sq km site.

Jizan has rich deposits of limestone, dolomite, marble, basalt, gypsum and silica, which will support the petrochemical, metal and silicon processing, and agro and biotechnology industries.

In a press release on Nov 5, MMC said it received the letter of award from the Saudi Arabian General Investment Authority in Jeddah on Nov 4, at the launch of JEC by King Abdullah Abdulaziz Al Saud.

It said JEC, Saudi Arabia’s fourth Economic City to be launched after the economic cities of King Abdullah, Prince Abdul Aziz bin Mousaed and Madinah, would be implemented over 30 years at a development cost of about US$30 billion.



About US$17 billion of the development cost will be investment cost for the various projects within the industrial zones that will be borne by the different project proponents, and the balance for infrastructure, commercial and residential areas, and public amenities.

“The new city’s industrial zone, representing more than two-thirds of the project, will accommodate a port, an aluminium smelter, a steel processing plant, an oil refinery, a copper processing plant, as well as fisheries and agro-based industries.

“It will also include a power and desalination plant to support the industries, which will have an eventual capacity to generate 4,000 mega watts of electricity,” MMC group chief executive Feizal Ali said.

He added: “The non-industrial zone will comprise the central business district, residential areas, a marina, and facilities for education, hospitality and recreation.”

MMC chairman Datuk Wira Syed Abdul Jabbar Shahabudin said: “The invitation by the Saudi Government to develop this landmark project underscores MMC’s position as an emerging global utilities and infrastructure group and affirms our ability to deliver world-class projects.”

MMC said Saudi Arabia’s economic cities were aimed at attracting foreign investment and transfer of vital technology, and borne out of the government’s desire to break away from its dependence on oil and to nurture other industries.
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Old November 8th, 2006, 09:01 PM   #8
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Originally Posted by Erebus555 View Post
Hmm, looks good but I dont know why they are doing all this for oil when its only got about 40 years left Still looks great. Its rare to find an industrial area like this incorporated in such a way too.

MMC said Saudi Arabia’s economic cities were aimed at attracting foreign investment and transfer of vital technology, and borne out of the government’s desire to break away from its dependence on oil and to nurture other industries.
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Old November 9th, 2006, 01:15 AM   #9
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Quote:
Originally Posted by Matthias Offodile View Post
Looks fantastic! I am happy for Saudia Arabia



Indyman, most of Europe´s or America´s towns have been pre-planned, too, some of them centuries ago...only crowdy cities have no planning! So, I don´t understand your point..
I kinda like messy and like a big conglomeration. just me though
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Old November 13th, 2006, 03:09 PM   #10
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Saudi to set up $26.7 bn Jizan Economic City

RIYADH, NOV 5: Saudi Arabia plans to set up a new `economic city’ in the impoverished region of Jazan in the far south of the oil-rich country, with investment of up to 100 billion riyals ($26.7 billion), state media said on Sunday.
The project, which aims to invigorate economic life in a distant part of the vast desert country of 24 million people, follows the announcement of two similar projects elsewhere.




The King Abdullah Economic City near the city of Jeddah also hopes to attract $26.7 billion of investment -- the largest such project the kingdom has ever seen -- and is now listed on the Saudi stock exchange after an initial public offering that attracted 10 million subscribers.

The $8 billion Prince Abdul Aziz bin Musaed Economic City in the town of Hail in north Saudi Arabia is being led by a group of Saudi and Gulf investors but is still in its early stages.

During a visit to Jazan, on the Red Sea coast south of Jeddah and bordering Yemen, on Saturday, King Abdullah said the Jazan project would create 500,000 jobs, newspapers and state news agency SPA reported.

He said the city would form a joint stock company in which low-income citizens of Jazan would have 375 million riyals worth of holdings. There were no details on the company's capital.

Asharq al-Awsat newspaper said the city would sit on a strip of land 12 km long and 8 km wide north of Jazan, including a port, an industrial zone, power and desalination plants, a residential area and corniche. It said the industrial zone will include a $4 billion aluminium smelter set up by Chinese and other international investors. It gave no more details.

The developers include Malaysia's MMC Corporation Berhad, the Saudi Bin Ladin Group and others.

"We have also instructed the oil and minerals ministry to study the possibility of setting up an oil refinery in Jazan, SPA quoted the king as saying.

The king said in a speech that the government was determined to end the region's lack of development in a country enjoying budget surpluses because of high world oil prices.

The government hopes the economic cities -- which are set to total five -- will help diversify the economy away from oil, which has fuelled rapid development since the 1970s.

Reuters

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Old November 13th, 2006, 07:53 PM   #11
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Great project for Saudi Arabia!!! Shou Atwal Burj Be Jizan?
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Old December 26th, 2006, 04:44 AM   #12
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More Info :

image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr


image hosted on flickr




http://www.jizaneconomiccity.com/index_eng.html
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Old December 26th, 2006, 09:06 AM   #13
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KING Abdulla economic city, Jizan Economic City this Economic City that Economic City, how many more of these economic citys are SA making.
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Old December 26th, 2006, 12:56 PM   #14
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Quote:
Originally Posted by pakboy View Post
KING Abdulla economic city, Jizan Economic City this Economic City that Economic City, how many more of these economic citys are SA making.
This year declaration

1- Rabigh Economic City. <<< KING Abdulla economic city

2-Hail Economic City.

3-Jizan Economic City.

4-Knowledge Economic City in Madinah

5-Tabuk Economic City ( Coming soon )

6-Ras Alzor Economic City ( Coming soon )

and Umm Al Qura in Mecca "industrial"
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Old December 26th, 2006, 03:22 PM   #15
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The future is here, asian cities looks more and more like something from Star Wars.
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Old December 29th, 2006, 09:17 AM   #16
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JIZAN or JAZAN?
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Old April 8th, 2007, 04:58 PM   #17
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JIZAN or JAZAN?

Jazan is official speak for Jizan. Most people call it Jizan. The locals of the area pronounce it Geizan.
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Old April 8th, 2007, 05:02 PM   #18
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image hosted on flickr



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Old April 9th, 2007, 07:29 AM   #19
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OMG it's a huge project, it gonna turn the desert to the new city of economy and industry
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Old April 9th, 2007, 04:53 PM   #20
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Great project for Saudi Arabia!!! Shou Atwal Burj Be Jizan?
No Towers in Jizan but I think Jizan University Tower



http://www.skyscrapercity.com/showthread.php?t=414234


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