King Abdullah launched a new economic city in Jizan that is expected to attract more than $26.7 billion [SR 100 billion] in investment and create almost half a million jobs. He has already laid the foundation for three economic cities in Rabigh, Hail and Madinah.
The King also launched infrastructure projects in Jizan including a new port, a railroad and an expansion of the region’s road network. He also kicked off a public housing project.
Last night King Abdullah attended a festival held in his honor by the citizens of Jizan. In remarks on the occasion, the King said highlighted Jizan’s ongoing development and announced the establishment of the Jizan Economic City. He also noted that a study would be conducted to explore the feasibility of establishing an oil refinery in Jizan Province.
Before leaving Asir Province yesterday, King Abdullah attended a military parade. In an address to the troops, the King praised the Saudi armed forces for their bravery and service to the Kingdom. He also remembered those members of the armed forces who were killed while fighting terrorism.