Its value exceeds 127 billion riyals… promising industries and precious metals in Jazan
Mining licenses
Al-Jarrah indicated that the number of The largest smelter in the world The region includes the largest smelter in the world to provide raw materials for the production of titanium, which is the ASEC factory, with an annual production capacity of up to 500 thousand tons of titanium concentrate, and 250 thousand tons of sponge iron used in the aircraft industry, in addition to the Solid Steel Factory, which is one of the basic pillars of the iron and steel industry in the Kingdom, with a production capacity Annually amounting to 1 million tons of steel blocks, for the production of rebar and iron wire coils. Regarding the development of the industrial sector in the region, Al-Jarrah stated that Jazan has a diverse industrial base, with the number of existing factories reaching 189 factories, with a total investment estimated at approximately 5.451 billion riyals. The Saudi Industrial Development Fund has also contributed, since its establishment, to supporting the sector in the region by providing industrial loans with a total value of 14.2 billion Saudi riyals. He added that the industrial city in the Jazan region includes capital projects worth more than 415 million riyals, and 80 industrial contracts, including 28 productive factories with investments from the private sector exceeding 1.3 billion riyals. Jazan City for Basic and Transformative Industries also extends over an area of 266 square kilometers. It includes capital projects valued at 5.8 billion riyals, while private sector investments in it exceed 113 billion riyals. The city is distinguished by its strategic location on the Red Sea coast, which enhances easy access to agricultural resources and raw materials, and about 13% of the volume of global trade passes through it. Al-Jarrah pointed out that the port of Jazan City for basic and transformational industries, which has been supervised by the Royal Commission for Jubail and Yanbu since 2022, comes within an integrated system of industry and logistics services. It constitutes a strategic logistical gateway on the coast of The Red Sea is a global platform linking international trade corridors, with a total area of about 7 million square metres, a current capacity of 140 million tons, and investments in infrastructure estimated at 4 billion riyals. It is noteworthy that the Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al Khareef, is visiting the Jazan region today, to follow up on the efforts made to develop the industrial and mining sectors in the region.Projects Capitalism
Jazan Port
