Jazan Economic City to attract investors

Updated 18 January 2013

Jazan Economic City to attract investors

The Jazan Economic City is set to attract investments of more than SR100 billion once the infrastructure of the city is completed, and eventually create 500,000 jobs, a local newspaper reported.
The city is located 50 km north of the main city and was built by Custodian of the Two Holy Mosques King Abdullah as a gift to citizens.
The city will depend on heavy industries that need considerable energy, and secondary industries, particularly in agriculture and fishing.
Jazan is the fourth integrated economic city being built under the supervision of the Saudi Arabian General Investment Authority (SAGIA). All infrastructure costs will be paid by SAGIA and a consortium of developers led by the Malaysian company MMC; Bin Laden Group Saudi Arabia; Dar International, Pan Kingdom Investment Co. (PKI); Bakri & Sons Holding Company, and WWDC.
The city has already attracted international industrial investments, with foundations established to build three gigantic factories worth SR4 billion in a joint venture with a Chinese firm.
Other features of the city will include a logistics services center for trading and transporting agricultural, animal and fish products to neighboring countries.
A complex of power stations to produce 400 megawatts of electricity will be established in the first phase of construction. The city will provide different standards of accommodation for the 250,000 people expected to live and work there.
The city center will include plazas and vast squares; and cultural and educational events and activities.
The residential area will include beach recreational activities, a hotel, a marine complex, luxury residential apartments, hospitals, medical centers and schools.
The Malaysian developer has paid for 10 students from Jazan to study in Malaysia. A further 1,000 scholarships will be awarded to Saudi students over the next four years.
Ahmed Mohammed Qanfidi, secretary general of Jazan Chamber of Commerce and Industry, said that the initial plans were drawn up to attract local and international investments. "We also coordinated with the Ministry of Petroleum and Minerals to establish a refinery in the city," he added.

Innovative Saudi cultural center showcases world-famous ‘The Scream’ artist’s exhibition

Updated 31 min 12 sec ago

Innovative Saudi cultural center showcases world-famous ‘The Scream’ artist’s exhibition

  • 40 works by Edvard Munch go on display for first time in Middle East

DHAHRAN: A dynamic Saudi cultural center is to showcase the works of one of the world’s most famous painters in an exhibition-first for the Middle East.

Forty pieces by Norwegian artist Edvard Munch, best known for his iconic “The Scream” painting, will go on public display at the King Abdul Aziz Center for World Culture (Ithra).

The special exhibition, titled “Landscapes of the Soul,” is the latest in a series of high-profile cultural events to be staged at the showpiece exhibition in Dhahran.

Developed by Saudi Aramco with the aim of stimulating knowledge, creativity and cross-cultural engagement, Ithra’s theater, museum, exhibition hall and art gallery complex forms a key part of the Kingdom’s Vision 2030 reform plan to promote culture and entertainment.

The Munch exhibition, which runs until Sept. 3, portrays the artist’s personal life experiences of misery, love, despair, loneliness and reflections of the soul, through his distinctive works.

“It is such an honor to host and introduce to Saudi Arabia, and indeed, the Middle East, the work of the world-renowned artist Edvard Munch,” Rania Biltagi, Ithra’s head of communications and partnership, told Arab News.

Munch’s (1863-1944) original exhibition has been located in Oslo, Norway since 1963, and the Saudi display is being staged in Ithra’s Great Hall in partnership with the Munch Museum in Norway.

As well as a lithograph version of his most famous painting “The Scream,” other works on show will include “Summer Night. The Voice,” 1894, “Self-Portrait,” 1895, and “The Sick Child,” 1896.

“A moment that stood out from the opening was when speaking to a couple visiting the exhibit, they mentioned that they were Norwegian and working in Saudi,” Biltagi said. “They explained that they had never had the chance to visit the Munch Museum in their homeland and what an unexpected pleasure it was to be able to see Munch’s work in Saudi.”

Biltagi added that the event epitomized the aim of Ithra in providing a platform to bring together cultures as well as people.

The center, featured in Time magazine’s list of the world’s top 100 places to visit, is a pioneer on the Kingdom’s culture and arts scene, organizing a variety of events, performances, programs and experiences to suit all ages and backgrounds. Previous exhibitions have included a focus on Saudi contemporary art, Leonardo da Vinci, and installations symbolizing creativity and innovation.