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Suppliers You Should Know: RCJY projects in Jazan boost investors’ confidence

by Arabian Oil & Gas Staff on Dec 17, 2017


Jazan City for Primary and Downstream Industries has already attracted 10 local industries, with a capital investment of $19bn.
Jazan City for Primary and Downstream Industries has already attracted 10 local industries, with a capital investment of $19bn.

To strengthen JCPDI’s strategic location, Royal Commission is in partnership with a world-class company in shipping and port management to operate and manage JCDPI industrial port. This will provide a competitive service investment environment, and contribute to attract foreign investors to the region.

Future promising projects in JCPDI

JCPDI is brought to the forefront of the international investment scene, considering the importance of various future projects. JCPDI has already attracted 10 local industries, with a capital investment of $19bn. Among them, Saudi Aramco refinery complex, once in operation, will serve 400,000 barrels per day, and operate an integrated gasification combined cycle (IGCC) 4gigawatt power plant. The plant will make the refinery entirely self-sufficient and provide power to locally owned manufacturing and service companies. Pan Asia PET Resin, the $3.8bn project, which is expected to launch by August 2020, will produceannually about 2.5 million metric tons of purified terephthalic acid during its  first phase.

Saudi-China partnership: Future Special Development Zone in JCPDI

Jazan City for Primary and Downstream Industries will witness an important evolution in the industrial area. As part of strategic partnership between Saudi Arabia and China, Royal Commission for Jubail and Yanbu, Saudi Aramco, and Guangyin International Investment (Chinese) are to set out the structure for a joint-venture company in JCPDI.

The Joint-venture, called Saudi Silk Road Industrial Services LLC, will focus on attracting Chinese investments and providing industrial services in a special development zone covering 30km2 of industrial land and 2km2 of residential area within the JCPDI. Saudi Silk Road’s mission is to participate in Saudi Arabia’s industrialisation process, to achieve targets listed in 2030 Vision. It is expected to attract Chinese investors and set up factories in JCPDI’s Special Development Zone, which includes electrical equipment, petrochemical, automotive spare parts, food processing as well as heavy industries (oil and non-oil).

This strategic partnership agreement is a result of Saudi Arabia and China determining to deepen their strategic connection between the China Belt and Road Initiative and Saudi 2030 Vision. Saudi Silk Road, among other projects, will contribute to materialise this cooperation between the two countries and sustain an industrial development, especially for the downstream industries where JCPDI enjoys strategic location to serve the European, African and the Middle Eastern markets as an export platform.

The joint venture will help to create value from the capital investments in JCPDI and provide the Chinese companies with a world-class infrastructure in a very strategic location. Jazan City for Primary and Downstream Industries is located on the Red Sea along the Chinese Maritime Silk Road to target the markets in the Middle East, Africa and Europe.

With the technologies, manufacturing capabilities and investment resources of two Chinese partners from Guangdong and Ningxia, Saudi Silk Road will accelerate the industrialisation process and develop supply chain in the Kingdom to help achieve the Saudi Vision.


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