JAZAN ECONOMIC CITY 2Nd Quarter Report 2017

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JAZAN ECONOMIC CITY 2Nd Quarter Report 2017 JAZAN ECONOMIC CITY 2nd Quarter Report 2017 Strategic Planning and Investment Dev. Division Economic Planning Department 1 Strategic Planning and Investment Development Division, Economic Planning Department CONTENTS CONTENTS nd 1.0 JEC Economic Report 2 Q.2017 3 2.0 RC Mission, Vision, and Values 4 3.0 Jazan Economic City Profile 5-6 4.0 Jazan Economic City Vision 7-8 5.0 Industrial Investment & Development 9-17 6.0 JEC Port Profile 18 7.0 JEC List of NTP Projects 19 8.0 JEC Investment Opportunities 20-21 9.0 Investment Development 22 10.0 Land Uses per Master Plan 23 11.0 City Development 24 12.0 Employment, Population & Housing 25 13.0 Economic Development Strategy 26-28 14.0 JEC Major Events 29 2 Strategic Planning and Investment Development Division, Economic Planning Department 1.0 JEC ECONOMIC REPORT 2nd Q. 2017 1.1 Introduction The Economic Review is a means to understand economic performance of a City and this knowledge along with the other non-economic data is useful to the City Administrators in the Management of various Economic aspects of the upcoming Jazan Economic City (JEC). JEC Economic Review is introduced by the Strategic Planning and Investment Dev. Division, Economic Planning Department which will be periodically issued on a quarterly basis every year. This Report covers a number of important economic indicators such as- RC & Private Sector Investments, Industry Growth, City Land Budget, Employment, Population and Other useful economic information. 1.2 Objectives The main Objective of the Economic Review is to gain better and more up-to-date understanding of the city economic performance. The Specific Objectives of the review are as follows: To keep track of City Economic Trends periodically. To Understand the Changes in the Economic Structure of the City over time. To Generate Economic Awareness. 1.3 Approach & Methodology JEC Economic Review is Utilizing the data available from the City, RC –Riyadh, Investors, Saudi Aramco and other Statistical sources as well as other related Local & International sources. 3 Strategic Planning and Investment Development Division, Economic Planning Department 2.0 RC VISION,MISSION AND VALUES RC Mission RC Vision The best choice for investors Plan, promote, develop & in petrochemical and energy- manage Petrochemicals and intensive industries and the Energy intensive industrial leading contributor to the cities through successful Kingdom’s Growth. customer focus and partnerships with investors, employees, communities and other stakeholders. RC Values RC Strategic Objectives * Customer Focus * Growth: Expand industrial base through growth in number of cities and industrial * Transparency output. * Accountability * Tenant Portfolio: Optimize tenant portfolio by attracting investments of added value. * High Performance * Cities of Excellence: Gain recognition as * Team Work one of the top industrial cities globally. * Commitment * Distinctive Staff: The best in attracting * Loyalty distinctive human resources in the Kingdom * Fairness * Financial: Gradually develop financial sustainability and increased efficiency. * Social Responsibility 4 Strategic Planning and Investment Development Division, Economic Planning Department 3.0 JAZAN ECONOMIC CITY PROFILE 3.1 Introduction The Jazan Economic City (JEC) is an important national economic initiative in the Jizan Province Nearest Urban Center : Bayash Town (23Kms) SOURCE:RCY IDD,ICD, RCJY –WEBSITE , JEC –SAUDI of Saudi Arabia. The City is an important step in the continuing economic development and Railway: Planned railway to connect JEC with ARAMCO PROJECT TEAM PRESENTATIONS. Jeddah maturation of the Kingdom’s economy. Initial work has been done under the management of Saudi Aramco, including a pioneer port, refinery, mineral processing facility, roads and other Population : 138,000 new people by 2030 & 500,000 at City Built out. supporting infrastructure. Housing : Residential Compound consists of more than 1,200 Units. On the 9th of Shawwal 1436H (2015), a Royal Decree was issued to assign the Royal Commission for Jubail and Yanbu to manage and operate Jazan Economic City to become the fourth industrial and economic city managed and operated by the Royal Commission to join Jubail, Yanbu and Ras Al Khair Industrial Cities. 3.2 City Profile Area: 103 Km² City Location : On the Red Sea in the South Western region of the Kingdom, is situated in Jazan Province. Focus : Heavy Industries, Secondary Industries and Human capital and Lifestyle. Industries(in operation, Under Construction & Site Allocation): Solb Steel, Stefco, Cristal, Al-Reef Sugar Refinery, Medical Jazan tharwat, Pan Asia PET Resin, Etzzan Al-Arabia for Industries . Port Facilities(Nearest) : Jizan Port ( New Port Construction Underway) Airport(Nearest) : 51 Km, Jazan Regional Airport( King Abdullah bin Abdulaziz Airport) Waterfront Area : 11.5 Km Employment: 72,000 new Jobs by 2030 (Currently~ 60,000 Construction & Industrial Labors working at the Site ) SOURCE: RCY IDD,ICD, RCJY Website, Site Visits by RCY Staff SAUDI ARAMCO PROJECT TEAM PRESENTATIONS. 5 Strategic Planning and Investment Development Division, Economic Planning Department 3.3 JAZAN ECONOMIC CITY SUB-REGIONAL OVERVIEW SOURCE: SAUDI ARAMCO PROJECT TEAM PRESENTATIONS. 6 Strategic Planning and Investment Development Division, Economic Planning Department 4.0 JAZAN ECONOMIC CITY DEVELOPMENT VISION Land Bank Homes Light Industry Medium Industry Refinery Eco Park Heavy Industry Port A DESIGN VIEW OF JAZAN ECONOMIC CITY BUILDING - PREPARED BY SAGIA SOURCE: AECOM Consultants. 7 Strategic Planning and Investment Development Division, Economic Planning Department 4.1 J E C INDUSTRIAL PLAN DEVELOPMENT PHASES 4 Advanced Industries 3 Local Resources 2 Strategic Investment 1 Existing Industries 2015-2017 2018-2020 2020-2028 >2028 • Refinery • Expansion of the • Food Industry • Home appliance • Power plant Steel Industry • Packaging assembly • Titanium • Port • Electromechanical • Infrastructure • Petrochemicals • Silicon Industry • Equipment assembly • Steel Plant Marine services • • Construction materials Source: Saudi Aramco Project Team 8 Strategic Planning and Investment Development Division, Economic Planning Department 5.0 JAZAN ECONOMIC CITY CURRENT DEVELOPMENT AND INVESTMENT STATUS 5.1 Industrial Investment Current Status Capital Investment Logo Industry Industry Status # (In USD Million) 1. STEFCO 40 In Operation 2. SOLB STEEL 155 In Operation 2. JAZAN REFINERY 23,000 Under Construction CRISTAL 500 Under Construction 4. AL-REEF SUGAR REFINERY 334 Under Construction 5. Conditional site 6. MEDICAL JAZAN THARWAT 168 allocation Conditional site 7. PAN ASIA PET RESIN 2500 allocation 8. ETZZAN AL-ARABIA 24 New Application JIANGYIN ZHONG HEAVY 9. 100 New Application INDUSTRIES CO., Ltd. Total 26,821 (USD Million) Note: $ 20.053 Billion (75 Billion SR) is already spent on the current Aramco Jazan Development Program. Definitions based upon IDD Practice: In Operation = Started Production , Under Construction = Approved ; Plant Construction is in process , CSI = In Design, New Application = Proposal submitted for permission SOURCE: RCY – ICD & IDD Strategic Planning and Investment Development Division, Economic Planning Department 9 5.2 STEEF CO INDUSTRY PROFILE CAPITAL MANPOWER Saudi Non-Saudi 56 Total Capital Investment 22 USD 40 Millions Project situation market Operation Location Area 100 % Local 83,000 sqm 250 KTPY Products Manufactured and painted Steel Bars DESIGN OVER VIEW OF EXISTING STEEFCO INDUSTRY Major Highlights: Construction is in progress SOURCE: BY RCY – ICD Strategic Planning and Investment Development Division, Economic Planning Department 10 5.3 : SOLB STEEL INDUSTRY PROFILE PROFILE OF CAPITAL MANPOWER Saudi Non- Saudi Total Capital Investment 414 571 USD 154 Millions Location Area market 984,000 sqm 100 % Local Products Project situation Steel Bars Operation 480 – 1,000 KTPY Major Highlights: Construction is in progress ’SOLAB STEEL in the list of 100 most popular brands in KSA’ SOURCE: BY RCY – ICD Strategic Planning and Investment Development Division, Economic Planning Department 11 5.4 PROFILE OF JAZAN REFINERY CAPITAL MANPOWER 1,800 Total Capital Investment (Aramco Complex) USD 23 Billions Market Local & Location Area Global 18 km ² Completed over 150 Million Man-hours of Construction Process Capacity: Products 400,000 Bpd: “Saudi Arabia Oil Refinery: Gasoline = 80 Million Bpd Largest Oil Refinery Plant.” -Diesel = 250 Million Bpd - Benzene & Paraxylene = 1Million Tonnes/ annum petrochemical products Major Highlights: Construction is in progress SOURCE: JEC PROGRAM UPDATE JANUARY 2017 & RCY IDD Strategic Planning and Investment Development Division, Economic Planning Department 12 5.6 PROFILE OF CRISTAL CAPITAL Total Capital Investment MANPOWER USD 500 Millions Non-Saudi Saudi 260 140 Location Area 1,000,000 sqm Market 60 % Local 40% Global 500 KTPY 220 KTPY Products Start Up Operation 2017 / Q4 OVER VIEW OF JEC CRISTAL INDUSTRY – CONSTRUCTION IN PROGRESS Titanium Dioxide Pig Iron 500 KTPY 220 KTPY Major Highlights: Construction is in progress SOURCE: RCY – ICD Strategic Planning and Investment Development Division, Economic Planning Department 13 5.7 PROFILE OF AL REEF SUGAR REFINERY CO. CAPITAL MANPOWER Saudi Non-Saudi Total Capital Investment 280 200 USD 333 Millions Location Area 154,000 sqm marke 25% Global 75% Local Products Sugar Molasses DESIGN OVER VIEW OF JEC JSC INDSTRY Start Up Operation 2019 / Q2 1 MTPY 250 KTPY Major Highlights: Construction is in progress
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