In the last decades, Jazan witnessed such a great development, especially in the economy, as a result, numerous horizons have been opened to start investment in Jazan with new concepts, so let’s discover what are these opportunities and the prominent ones.
Investment opportunities in Jazan
Jazan is considered one of the most vital areas in the southern part of Saudi, which makes it a prominent investment destination that offers countless opportunities, especially in the agricultural sector that comprises more than 30 kinds of fruits and coffee.
On the other hand, Jazan introduces interesting investment manufacturing opportunities, the strategic location and the industrial port form a perfect attraction factor for investors.
In a nutshell, this city comprises several investment opportunities, including many sectors, such as agriculture, industry, logistics and tourism.
Features of Investment in Jazan
Jazan’s features made it a prominent investment destination, through multiple examples like:
The Strategic Location
Locating on the Red sea coast, gave Jazan a strategic advantage as a gateway to global trade and control.
2030 Vision’s Projects
With the 2030 vision, the city embraced a new approach to investment, especially with the huge development that changed its facilities, streets, services and buildings.
Diversity of Opportunities
As we mentioned earlier, investment in Jazan creates different opportunities, including numerous sectors, especially in the real estate, like the residential, commercial and tourist ones.
Population Growth
Jazan witnesses fast population growth, as a result, more demands of the real estate occurred, which creates a solid ground to build your investment on.
Developed Infrastructure
As we mentioned before, the 2030 vision brought a real development to Jazan’s facilities and infrastructure, for example:
- Enhanced roads network.
- Offering the basic infrastructure demands, such as electricity and water.
- Developed general facilities.
Interesting Opportunities of Investment in Jazan
The investment in Jazan include a plenty of projects, such as:
- Establishing public parks.
- Assisting sports fields.
- Sponsorship and naming rights.
- Health and education sectors projects.
- Launching equestrian academies.
- Investments in commercial and financial activities.
Best Places of Real Estate Investment in Jazan
Jazan contains many regions and places introduce different opportunities of investment, including industry, commerce, agriculture and real estate, here are the best places to invest in the real estate sector:
Jazan Economical City
The developed infrastructure and the distinct facilities made Jazan Economical City the most vital investment area, especially with Jazan’s port that controls the tradements.
According to real estate investments, multiple doors open welcome investors to start a new journey, including the international companies and business heads.
Farasan Island
As the most popular island in Saudi Arabia, it hides tourist treasures that attract tourists from all over the world and the kingdom, which makes real estate investment worthy, especially in the vital places like Farasan Island Marine Sanctuary.
Ad Darb District
To those who are looking for a unique and developed infrastructure, Ad Darb District stands out to attract all investors with advanced road networks, such as the connecting road between Jazan and Abha.
North Corniche
One of the vital tourist areas in Jazan, offering various unique entertainment activities, with this place, real estate investment grows quickly because of the consistent demands on it.
The Industrial Area
The beating heart of Jazan’s commercial and industrial activities, in addition to the governmental support and procedures to develop industries in this place, as a part of the strategic plans to Invest in Saudi.
What Are the Requirements for Investing in Jazan?
To start your investment journey in Jazan, you have to follow certain rules and procedures that guarantee success of the project, these requirements are:
- Investors must register with the relevant authorities and obtain the necessary licenses.
- The investor must have sufficient capital that matches the scale of the project.
- Saudi Arabia has defined the activities permitted for foreign investors, excluding certain sectors such as real estate investment in Makkah and Madinah, and tourism guidance services related to Hajj.
- Investors must comply with all local regulations and laws.
- In some cases, a local partner is required to hold a certain percentage of the capital.
- In some cases, a local partner is required to hold a certain percentage of the capital.
- Submitting an economic and technical feasibility study for the project, demonstrating its financial and economic viability.
What Is the Role of the Jazan Chamber of Commerce?
Jazan Chamber stands as the official representative of the private sector in the region. Also it seeks to enhance the business hub and improve the investment attraction by:
- Feasibility studies.
- Offering promising opportunities across multiple sectors.
Finally, the investment in Jazan ensures and guarantees a great chance to start your own business, in addition to several other cities that you can explore their investment offers with Bayut-KSA.
