8= Jizan Economic City
Project Overview
The second of Saudi Arabia’s planned new
cities, Jizan Economic City is a joint venture between Saudi Binladin Group and Malaysia’s MMC Corporation Berhad, which will develop and manage the city over 30 years.
It is being built on a 100 sq km site 60 km northwest of the existing Jizan city on the Red Sea coast. It is being developed as an industrial and logistics hub, connecting the wider region with global export markets.
It will feature a port, an industrial zone, commercial and cultural centres, residential areas, and academic and vocational training institutions.
Project Analysis
Gulf invests in steel capacity
Strong demand for steel driven by infrastructure spending in Saudi Arabia is fuelling investment in new steel projects
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Aramco’s Jizan remit to widen
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Saudi Arabia leads market growth
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Economic cities face funding issues in Saudi Arabia
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Kuwait and Iran gains offset market decline in UAE and Qatar
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Housing crisis looms in Saudi Arabia
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Housing crisis looms in Saudi Arabia
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Building new economies
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Saudi Arabia's Economic Cities programme faces defining year
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Real estate market profile: Saudi Arabia
Company Profiles
Al-Khabeer
The Saudi investment bank aims to expand its corporate and structured finance business.
MEED Events
Key Facts
Client: Saudi Binladin Group; MMC Corporation Berhad
Sector: Mixed Development
Stage: Execution
Budget: $27bn
Completion date: Q4 2036
Location: Saudi Arabia
News
Aramco to take on $4bn infrastructure projects at Jizan
Both schemes are vital to $7bn refinery scheme that Aramco is developing at Jizan Economic City
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Jizan steel plant on schedule
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Saudi navy receives bids for port expansion
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South Steel receives SR600m plant loan
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South Steel receives loan for Jizan from Riyadh
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Riyadh investment funds to support Jizan
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Al-Khabeer signs finance deal for Jizan Economic City
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Emaar enters talks with Jafza over industrial zone project
MEED Projects
