Jazan Investment Forum 2023 launched in Jazan
The Jazan Investment Forum 2023 is a significant event scheduled to commence on November 28, under the esteemed patronage of Crown Prince Mohammed bin Salman.
This forum, spanning two days, is a pivotal platform for showcasing Jazan’s economic potential and its promising investment opportunities. Its primary focus is on enhancing the investment and development environment of the region, aiming to align with the ambitious goals of Saudi Vision 2030.
Economic, Cultural Highlights
The forum highlights Jazan’s strengths in logistics and agriculture, notably emphasizing its diverse environmental features, especially around Farasan Island.
Additionally, attendees will have the opportunity to delve into Jazan’s rich heritage, which includes ancient monuments dating back to 8000 BC, thus underscoring its significance in agriculture.
Consequently, these distinct characteristics are aimed at attracting high-quality investments and fostering strategic partnerships, crucial for the region’s sustainable development.
Promising Investment Opportunities
Jazan, often termed the Kingdom’s “food basket,” has recently witnessed substantial investment growth, attracting over SR1 billion ($266 million) in 2022 and 2023. This amount represents 40% of the municipality’s total investments over the past two decades.
The region’s strategic development as a special economic zone, focusing on logistics, has played a crucial role in this achievement.
The presence of significant ports and a world-class refinery, coupled with rapid infrastructure development, has further bolstered Jazan’s investment appeal.
Forum Objectives, Activities
Initially, the forum’s first edition showcases Jazan’s investment potential in sectors such as digital, logistics, fintech, green economy, and human development. Furthermore, it includes dialogues with ministers to address investment challenges and spur economic growth.
Consequently, the ultimate aim is to attract local, regional, and international investments, thereby boosting growth and job opportunities in Jazan.
Future Development Plans
Between 2023 and 2027, Jazan province anticipates launching nearly 5,000 projects, notably including 100 major investments. These projects vary widely, extending from a medical city to key attractions like Jazan Mall, a water park, a business tower, and cultural villages.
Collectively, this comprehensive plan emphasizes Jazan’s ambition to emerge as a pivotal commercial and cultural hub in the region.
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