RIYADH: Saudi Arabia’s Jazan attracted over SR1 billion ($266 million) in investments in 2022 and 2023 at it gained ground as an commercial region.
According to the Saudi Press Agency, the amount secured in the last two years represents 40 percent of the municipality’s total investments over the past 20 years.
While the region had a competitive edge in terms of a vast coastline conducive to maritime and oil industries, it was the strategic decision to develop as a special economic zone catering to the logistics industry that gave it the upper hand.