Jeddah
From The Report: Saudi Arabia 2019
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As Saudi Arabia’s second-largest city, Jeddah serves as an important commercial centre and is also the setting for a series of important developments currently under way, which will secure its place on the map as a regional economic centre. While Jeddah already boasts the biggest seaport on the Red Sea and is the gateway to the holy cities of Makkah and Medina, it is also set to become home to new tourist destinations and the world’s tallest building, the Jeddah Tower. As such, the city will play a central role in achieving the Kingdom’s aim of reducing its dependence on oil and diversifying its economy, as laid out in the long-term development blueprint Saudi Vision 2030. This chapter contains an interview with Mazen Batterjee, Vice-Chairman, Jeddah Chamber of Commerce and Industry.

Articles from this Chapter

Overview

Reaching new heights: Improved transport links and growing tourist and entertainment options characterise the city’s ongoing development
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As Saudi Arabia’s second-largest city, Jeddah serves as an important commercial centre and is also the setting for a series of important developments that are under way, which will secure its place on the map as a regional economic centre. While Jeddah already boasts the biggest seaport on the Red Sea and is the gateway to the holy cities of Makkah and Medina, it is also set to become home to new tourist destinations and the world’s tallest building, the Jeddah Tower. As such, the city…

Interview

Competitive advantages: Mazen Batterjee, Vice-Chairman, Jeddah Chamber of Commerce and Industry (JCCI), on economic opportunities
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Interview:Mazen Batterjee To what extent have member countries benefitted from the GCC Customs Union? MAZEN BATTERJEE: An analysis of the volume of intra-GCC trade before and after the GCC Customs Union shows an increase in the total volume of trade exchange among GCC countries from $10bn in 1993 to $15bn in 2002, with an annual growth rate of 6%. After the establishment of the Customs union on January 1, 2003, the volume of inter-trade exchange increased at an annual growth rate of 24% up…