Jeddah
From The Report: Saudi Arabia 2018
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As the second-largest city in Saudi Arabia, Jeddah plays a central role in the Kingdom’s non-oil economic growth, largely due to a combination of its roots in shipping and trade, and its importance as a transit point for millions of visitors travelling to the holy cities of Makkah and Medina each year. Major infrastructure projects in the city are set to underpin growth across various sectors in the coming years – including industry, tourism and logistics – while also positioning the broader region as a principle contributor in achieving the country’s longer-term goals under Saudi Vision 2030.

This chapter contains and interview with Mazen Batterjee, Vice-Chairman, Jeddah Chamber of Commerce and Industry.

Articles from this Chapter

Overview

Jack of all trades: Investment across the board to help meet Vision 2030 objectives
OBG
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As the second-largest city in Saudi Arabia, Jeddah plays a central role in the Kingdom’s non-oil economic growth, largely due to a combination of its roots in shipping and trade, and its importance as a transit point for millions of visitors travelling to the holy cities of Makkah and Medina each year. Major infrastructure projects in the city are set to underpin growth across various sectors in the coming years – including industry, tourism and logistics – while also positioning the…

Interview

Keys to prosperity: Mazen Batterjee, Vice-Chairman, Jeddah Chamber of Commerce and Industry, on new sectors conducive to growth and investment
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Interview:Mazen Batterjee What sort of scope is there for increased production of value-added products? MAZEN BATTERJEE: In a lower oil price environment, economic patterns change, which means that Vision 2030 arrived at the right time. The Kingdom cannot continue to rely solely on the oil and gas industry, and Vision 2030 will be beneficial to the entire economy in this regard, particularly when it comes to empowering the business community, as the private sector will be given a greater…

Analysis

A trip to the coast: Red Sea targeted for development of new entertainment offerings
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Visits to Jeddah are on the rise, and this is expected to continue amid efforts to promote domestic tourism and position the wider industry as a significant contributor to economic development. According to the Tourism Information and Research Centre (MAS), the statistical arm of the Saudi Commission for Tourism and National Heritage, domestic tourism spending totalled SR53.5bn ($14.3bn) in 2016, up 42% on SR37.8bn ($10.1bn) in 2012. Mirroring this rise, the number of domestic trips more…