Saudi Arabia - مدينة جازان الاقتصادية
Jazan Economic City (JEC) is one of the four intelligent cities to be developed in Saudi Arabia. JEC is located close to Saudi Arabia’s border with Yemen, 60km northwest of Jazan City. It spans an area of 100 square kilometres. It is expected to host a population of 500,000 people.
Strategic Location of Jazan Economic City
Jazan Economic City’s strategic location near the Red Sea offers several advantages for trade and business. The proximity to international shipping routes facilitates the movement of goods and enhances the city’s position as a global trading hub. Additionally, JEC is in close proximity to the Suez Canal, making it a vital link between Europe, Asia, and Africa.
The main economic sectors in JEC are heavy and secondary industries primarily based on the petrochemical sector with a 400,000 bpd refinery operated by Saudi Aramco now in operation. The industrial products of Jazan Economic City are expected to be exported to Asia, Africa and Europe with a new seaport and dry dock to be constructed for this purpose.
The city will also contain a large residential and commercial area as well as a sector for educational purposes. Given the size and scope of the project it is not expected to be completed until 2037. Jazan city itself has a population of over 1.5 million in its metropolitan area.
Key Industries and Economic Sectors
The economic city focuses on several key industries and sectors:
Petrochemicals: JEC is home to the Jazan Refinery and Terminal, one of the world’s largest integrated refining and petrochemical complexes. It processes crude oil and produces a range of petrochemical products.
Manufacturing: The city hosts various manufacturing facilities, producing a wide array of products, including plastics, rubber, and building materials.
Logistics: Due to its strategic location, JEC offers excellent logistics and transport infrastructure, making it an ideal choice for companies engaged in distribution and trade.
Tourism: Jazan Economic City also aims to develop its tourism sector, capitalizing on its natural beauty, historical sites, and Red Sea coastline.
Additional Details for Jazan Economic City
- Total area: 10,200 hectares (total development)
- Key industrial sectors: Secondary and downstream industries of Petroleum Refining/processing, Steel Manufacturing and Titanium Processing
Notable tenants at Jazan Economic City
Solb Steel is a regional steel production center strategically located in Jazan Economic City in southwest Saudi Arabia. This prime location allows Solb Steel to serve both the Kingdom and neighboring countries, as well as global markets. The factory, built to the highest global standards on a 5 km² site, boasts an annual production capacity of 1.2 million MT of prime steel billets and construction-quality rebars and wire rods. Key production units include a 150 t Electric Arc Furnace (EAF), a 5-strand billet caster, and two 22-stand rolling mills. Solb Steel aims to maximize stakeholder interests and be recognized as a pioneer in steel production, delivering high-quality products and fostering a culture of trust. The company’s product range includes billets, rebars, rebar in coil, and wire rods, with a variety of chemical and physical specifications to meet diverse market needs.
Jazan Integrated Gasification and Power Company (JIGPC)
Jazan Integrated Gasification and Power Company (JIGPC) is a dynamic joint venture involving Saudi Aramco, Air Products, Air Products Qudra, and ACWA Power. Established in August 2020, JIGPC operates the world’s largest Integrated Gasification Combined Cycle (IGCC) complex, located 60 km north of Jazan City. With over 700 skilled employees from more than 20 nationalities, JIGPC began its 25-year operational contract in October 2021. The facility produces power, hydrogen, and steam for the Saudi Aramco Jazan Refinery, which supplies 400,000 barrels per day. JIGPC generates 3.8 GW of power, 184,000 Nm³/hr of hydrogen, and 580 MT/hr of steam, with excess power sold to the Saudi Electric Company.