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00:00 The Royal Jubeil Institute has ended and is now representing the city of Jezan for the main and transfer industries.
00:07 The project of the capital projects of the city of Jezan for the main and transfer industries for 2023 has been completed.
00:14 The number of projects is 53 and the total value exceeded 9 billion riyals.
00:21 A part of the capital projects was presented for 2024.
00:28 To talk more about these capital projects of the city of Jezan,
00:33 we have with us the director of Jezan, Khaled bin Mohamed Al Salem,
00:39 the president of the Royal Jubeil Institute and the director of the Jubeil Institute.
00:42 Welcome, Khaled. Thank you for being on the Arab CNBC screen.
00:47 Welcome, sister Maysa. May God bless you and the viewers.
00:52 Welcome.
00:53 Before we talk about the details of these projects, let's ask how the city of Jezan benefited in the beginning,
01:00 perhaps from the special list of the competitors and buyers in the city,
01:05 to increase this amount of capital projects recently.
01:11 We have taken the approval of the cabinet to make this list of projects for the city of Jezan,
01:27 with the support of the right leadership of the city of Jezan,
01:32 so that it can be developed rapidly.
01:34 The list has many aspects, including flexibility,
01:44 including the advance payment of up to 20% to the competitors,
01:53 which gives ease and flexibility to the competitors and to their liquidity in implementing projects.
02:01 There is also a space for the changes to be made up to 20% of the project value.
02:11 This also gives room for the project not to be cancelled if it exceeds the budget.
02:22 These are some of the specifications and principles in the list approved by the cabinet.
02:36 This gives ease and more acceptance to the competitors in implementing projects in the city of Jezan
02:47 in the main and transformation industries.
02:49 As you know, the region needs to attract big competitors to implement these big projects.
03:00 When we talk about the 53 projects today,
03:03 how much did the local competitors contribute, Mr. Khaled?
03:07 All projects are entrusted to local competitors now.
03:14 I can say that 80% of the projects are entrusted to local competitors.
03:21 One project is a huge project, representing 15% of the project,
03:31 which is the sea water cooling project.
03:35 This is a huge project that needs to be implemented quickly to deliver the service to the industries under construction.
03:47 The rest of the projects are also huge, but we have worked to make it possible for local competitors to get a chance to take these projects.
04:02 For example, the residential areas, roads,
04:08 projects that enhance the attractiveness of the city and also to take time to implement.
04:22 What is the biggest part of the 53 projects that you have decided to implement in 2023?
04:31 What is the preparation of the infrastructure that has already been implemented?
04:37 These are complete projects.
04:41 We have a support that is coming soon.
04:46 These projects are complete projects.
04:49 The private economic zone that Mr. Waleed Al-Adh announced today is not complete as an infrastructure.
05:00 There are complete parts, and we have allocated some of the projects in it,
05:06 but the rest of the area still needs to be developed.
05:11 These are among the big projects, so that this city is ready.
05:16 We will implement it in two years, and the investors will implement it in two years,
05:22 so that we can deliver services in this area.
05:27 For example, we have a center for the city,
05:33 where we will have a administrative building for the royal council,
05:38 a center for exhibitions and a center for business.
05:41 This area will be like a business park.
05:46 This is also an addition to the area as a whole,
05:50 not only for the city, but also for the Jizan area.
05:54 We will have an international exhibition,
05:59 so that we can hold international conferences and exhibitions in the area.
06:06 The rest of the area will be residential areas,
06:12 and infrastructure for other industrial areas outside the economic zone,
06:19 and as I mentioned, the roads and services that follow.
06:27 We have projects that we are working on.
06:37 Today, we will see the city appear above the ground.
06:40 This is the most important thing for the investors.
06:43 Today, we have a large number of investors.
06:46 Also, a week ago, the Jizan investment forum was held.
06:52 We signed agreements worth 32 billion.
06:57 All of this encourages investors to be confident
07:07 that there is a boost to the construction of this city rapidly.
07:14 They see that this is a promising city.
07:19 The opening of the port last year also encouraged this direction.
07:23 This month, the first of its kind will be operated by a Saudi team of young men and women.
07:39 It will be far away, so that it will be easy to operate.
07:44 The projects for 2024 will be higher than 2023.
07:51 How much do you expect to see an increase in the number of investments in 2024?
07:58 We saw in 2023,
08:06 with the implementation of projects and the vision of investors,
08:12 and the communication with investors,
08:16 foreign countries, embassies,
08:21 and their invitation to the city,
08:23 this has encouraged communication.
08:25 I personally think that we will double what we talked about in 2023.
08:33 The port will be fully operational, including the portals.
08:40 Today, it is operating with liquid goods.
08:45 But, God willing, by the end of December, we will also be able to access the port.
08:54 The cost management will be easy.
08:57 During this period, we are facing many economic challenges.
09:03 How is the cost management of the projects being carried out?
09:08 I heard the minister of finance say that the government is looking at the cost management of all projects.
09:21 We are looking for a study and priorities.
09:28 This gives us confidence that the wise leadership has priorities to develop this area
09:35 and give it the necessary costs to accelerate the implementation of projects in it.
09:43 Thank you, engineer Khaled bin Mohamed Al Salem,
09:48 the head of the Royal Commission of Jubail.
09:50 We wish you all the best from the city of Jizan.
09:55 Sinaia.