Its unique location – close to the main trade routes between Europe, Asia and Africa – makes JEC a strategic stop for neighboring countries that do not have the infrastructure necessary to access export markets. This attractive aspect alone is enough to draw in worldwide investment to the project.
Key features of the city include an industrial zone, a commercial business and cultural centre, and residential areas that will house an estimated population of 300,000. Some $27 billion will be invested and 100,000 new jobs created.
$27 BILLION WILL BE INVESTED AND 100,000 NEW JOBS CREATED
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An industrial park will occupy over two-thirds of the city’s 100 million square meters, and it will contain a modern oil refinery and integrated petrochemical complex, a copper refinery, fisheries, and an aluminum complex.
Transport infrastructure has been designed to include a new seaport and dry dock, an international airport and rail connections to Jeddah. Positive environmental practices will be employed in all buildings, particularly those with intense industrial facilities.
Now is clearly the moment to invest, and the Saudi riyal is one of the world’s most stable currencies having experienced no significant change in its exchange value over the past three decades.
Furthermore, Cisco is working with JEC developers to create a smart-enabled environment for all the major international companies expected to establish themselves in the city.
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