Jazan City completes 53 key projects valued at $2.39bn

The city, built on an area of 102 million sq. meters, will include plants for heavy industries, petrochemicals, energy, as well as mining and manufacturing industries, and agriculture investments.
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Updated 10 December 2023
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Jazan City completes 53 key projects valued at $2.39bn

RIYADH: Saudi Arabia’s Jazan City for Basic and Transformative Industries has completed 53 capital projects exceeding SR9 billion ($2.39 billion), revealed Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef. 

During the city’s projects award ceremony RAWAS, he highlighted that these projects span across multiple sectors, aiming to enhance the city’s investment opportunities. 

The minister stated that 24 projects have been established in the fields of infrastructure and roads, 18 in public facilities and housing, and 11 projects for other services. 

Furthermore, private sector investments in Jazan City have surpassed SR32 billion, with ongoing discussions about future projects estimated to be valued at around SR10 billion, added Alkhorayef. 

“The inauguration of these projects completes the ongoing projects in Jazan City for Basic and Transformational Industries, falling under the initiative to develop the basic facilities for industrial areas in the city, such as the seawater cooling system project costing over SR1.2 billion, and the project to establish a 1,000-megawatt power station in the industrial area, costing over SR400 million,” the minister said.  

He added that key projects enhancing the special economic zone include constructing a security wall, gates, and infrastructure, with investments exceeding SR1 billion.   

Furthermore, Jazan City is poised to launch a series of capital projects. This includes the second phase of developing the general industrial area, projected at SR350 million, and phase two of the maritime area’s infrastructure. The latter is aimed at bolstering investments in residential spaces and improving living standards, estimated at SR400 million. 

“Jazan City for Basic and Transformational Industries has aligned its projects with several national strategies, including the National Industrial Strategy launched last year, incorporating several future capital projects within this strategy’s initiatives, such as the ready-made buildings for food industries — phase one, estimated to cost approximately SR420 million,” he added.  

In the context of partnerships, Alkhorayef emphasized the impactful returns on government investments in capital projects.  

He noted that each riyal invested yields an impressive eightfold return from the private sector. 

This substantial financial gain not only underscores the economic viability of these projects but also paves the way for more investment opportunities, thereby fostering the region’s economic and industrial growth. 


Saudi Arabia approves over 1k chemical permits, awards 172 mining licenses

Updated 01 January 2026
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Saudi Arabia approves over 1k chemical permits, awards 172 mining licenses

RIYADH: Saudi Arabia processed more than 1,000 chemical permit requests in November and awarded exploration rights for 172 mining sites in what the government described as its largest licensing round on record. 

The Ministry of Industry and Mineral Resources said it handled 1,095 chemical clearance requests during the month, including 1,041 approvals for non-restricted chemicals and 54 for restricted substances, covering 2,081 product classifications, the Saudi Press Agency reported. 

It forms part of ongoing efforts to accelerate the discovery and development of mineral resources valued at over SR9.4 trillion ($2.51 trillion), aligning with Vision 2030’s objective to position mining as the third pillar of the national industrial sector.   

Ministry spokesperson Jarrah Al-Jarrah explained that the chemical clearance service enables industrial investors to obtain import or export permits for chemicals used in manufacturing through the “Sanaei” digital platform.  

“He clarified that the service aims to ensure that chemical clearances for industrial facilities are granted through streamlined procedures and in a timely manner, thus serving investors and facilitating the entry of their materials through ports of entry,” the SPA report stated. 

Al-Jarrah explained that the service plays a critical role in enhancing industrial output by developing and automating permit procedures for production-related chemicals as part of the ministry’s digital services.  

In a separate development, the ministry announced that 24 domestic and international companies and consortiums won exploration licenses across 172 mining sites in Saudi Arabia, with 76 of those sites awarded through a multi-round public auction.   

These sites span three mineral belts in the Riyadh, Madinah, and Qassim regions, with committed exploration spending exceeding SR671 million during the first two years of project implementation.  

The ministry described this licensing round as the largest mining tender in the Kingdom’s history.   

The competition covered more than 24,000 sq. km across regions known for strategic minerals including gold, copper, silver, zinc, and nickel.   

Additionally, the ministry noted that 26 qualified companies participated through the electronic bidding platform, progressing through a transparent process that began with prequalification and culminated in competitive multi-round auctions.  

The ministry confirmed that these investments aim to develop untapped exploration zones and enhance the utilization of Saudi Arabia’s mineral wealth, strengthening global supply chains.   

It also announced plans to launch further exploration license tenders covering 13,000 sq. km across Madinah, Makkah, Riyadh, Qassim, and Hail, with additional opportunities to be revealed at the 5th Future Minerals Forum in Riyadh from Jan. 13 to 15.  

These efforts, the ministry stated, reflect a broader mining strategy focused on maximizing resource potential, attracting foreign investment, creating employment opportunities, and integrating value chains to establish Saudi Arabia as a global mining hub.