1st Q. 2015 yanbu Economic Review.pdf

Report #19

Royal Commission for Jubail and YanbuRoyal Commission at Yanbu

Strategic Planning and Investment Development Division Economic Planning Department

YANBU INDUSTRIAL CITYECONOMIC REVIEW 1ST Q. 2015

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Strategic Planning & Investment Development Division, Economic Planning Department - RC Yanbu Strategic Planning & Investment Development Division, Economic Planning Department - RC Yanbu2 | P a g e

TABLE OF CONTENTS

# Contents Page # 1. Introduction 3 2. RC Mission, Vision , Value & Strategic Objectives 4 3. City Economic Highlights 5 4. Investments 6 5. General Land Use 7 6. Industrial Development 8-10 7. Employment and Population 11-12 8. Residential Development 13-14 9. Market Rental Rates 15-17

10. City Special Areas 18-19 11. City Economic Infrastructure 20-24 12. RC Yanbu - A Smart City 25 13. City Quality of Life 26 14. Major Events 27-30

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Strategic Planning & Investment Development Division, Economic Planning Department - RC Yanbu Strategic Planning & Investment Development Division, Economic Planning Department - RC Yanbu

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YANBU INDUSTRIAL CITY ECONOMIC REVIEW

1.1 INTRODUCTION The Economic Review is a means in understanding the Economic performance of a City . It also provides non-economic data which is useful for city administrators in the management of various economic aspects of the city.

The Yanbu Industrial City Economic Review is introduced by the Strategic Planning and Investment Development Division, Economic Planning Department which will be issued on a quarterly basis every year. This report cover a number of important economic indicators -GDP, RC and Private Sector total investments, Industry Growth, City Land Use, Employment, Property Rental market rates and other useful city level economic information.

1.2 OBJECTIVE The main objective of Yanbu Industrial City Economic Review are to gain better and more up-to-date understanding of the City level Economic Performances.

The Specific objectives: • To keep track of City Economic trends periodically. • To understand the changes in the economic structure of the city over the period of time. • To Generate Economic Awareness

1.3 APPROACH & METHODOLOGY This Economic Review is based on the data available from the Royal Commission (RC), Investors and Statistical sources as well as other related local and International sources.

The Economic indicators have been used in this report to assess different sectors in the city during a particular time frame which in turn helpful in the realization of: Royal Commission‘s Vision , Mission, Values and Strategic Objectives.

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2.0 ROYAL COMMISSION VISION, MISSION, VALUES & STRATEGIC OBJECTIVES

RC Vision The best choice for investors in petrochemical and energy-intensive industries and the leading contributor to the Kingdom’s growth.

RC Mission Plan, promote, develop & manage Petrochemicals and Energy intensive industrial cities through successful customer focus and partnerships with investors, employees, communities and other stakeholders.

RC Values

Customer Focus

Transparency

Accountability

High Performance

Team Work

Commitment

Loyalty

Fairness

Social

Responsibility

Strategic Objectives:

Growth: Expand industrial base through growth in number of cities and industrial output.

Tenant Portfolio: Optimize tenant portfolio by attracting investments of added value.

Cities of Excellence: Gain recognition as one of the top industrial cities globally.

Distinctive Staff: The best in attracting distinctive human resources in the Kingdom

Financial: Gradually develop financial sustainability and increased efficiency.

Vision

Mission

Values

Strategic Objectives

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YANBU INDUSTRIAL CITY ECONOMIC HIGHLIGHTS

INDICATOR DESCRIPTION TOTAL UNIT YEAR END

GDP

RC FOR JUBAIL,YANBU & RAS AL KHAIR CONTRIBUTION TO NATIONAL GDP 144.7 SR Billion

2014 RC YANBU SHARE IN THE

CONTRIBUTION TO NATIONAL GDP 39% In percentage

INVESTMENT RC YANBU AGGREGATE INVESTMENT 56.8 SR Billion 2014 PRIVATE SECTOR AGGREGATE INVESTMENT 167 SR Billion 2014

LAND EXISTING & EXPANSION AREA 605 Sq.KM 2014 EMPLOYMENT CITY TOTAL EMPLOYMENT 65,877 Nos.(Forecast)

INDUSTRY PRIMARY & SECONDARY, LIGHT AND SUPPORT INDUSTRIES 203

Nos.( in operation, Under construction, In design &Proposed) 2015

(1st. Quarter) COMMERCIAL COMMERCIAL ESTABLISHMENTS 749 Nos.(Registered)

OIL REFINING CITY REFINING CAPACITY >1.0 Million Barrel/day 2014

PRODUCTION RC- JUBAIL & YANBU SHARE IN THE WORLD PETROCHEMICAL PRODUCTION

10% Percentage 2014

EXPORTS KING FAHAD INDUSTRIAL PORT

81,667.939 Quantity in Tons (in one Yr)

2014 IMPORTS 9,794.224

Source: RC Annual Report-2014,RCY-QPR#233, RCY Int. Rd. Show - Lisbon, Portugal PPT

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YANBU INDUSTRIAL CITY MAIN ECONOMIC SECTORS INVESTMENT AGGREGATE INVESTMENTS & QUARTERLY PROGRESS AS OF 2015 1ST QUARTER:

“ Yanbu Industrial City is one of the stations Ideal for Foreign Direct

Investments”- CEO, RC Yanbu

143.131 SR in Billion

• Primary & Secondary Industrial capital Invesments (Industry in operation, U.construction ,Indesign & Proposed)

• 1st Quarter Progress: 775 Million SR


• Light & Support Industrial capital Invesments (Industry in Operation,U.Construction, In design and Proposed )



• Commercial & Residential Capital investment


RC Investment Is equal to 65% of GCC Industrial

Investment

Source: IDD Dept.-Industrial Quarterly Technical Report, SP &PM Dept: QPR# : 232, RCY Int. Rd. Show - Lisbon, Portugal PPT

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YANBU INDUSTRIAL CITY GENERAL LAND USE PLAN

Source: Master Plan Update Team

> YANBU INDUSTRIAL CITY EXISTING AREA=185 Sq. Km PLUS EXPANSION

> EXISTING INDUSTRIAL AREA

> EXISTING COMMUNITY AREA

> LAND AVAILABLE FOR FUTURE EXPANSION

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YANBU INDUSTRIAL CITY – INDUSTRIAL DEVELOPMENT

RC YANBU MAIN INDUSTRIAL PARTNERS

“A VIEW OF 40 YEARS’ OF SUCCESSFUL INDUSTRIAL DEVELOPMENT”<

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INDUSTRIES DEVELOPMENT STATUS

Source: Quarterly Industrial Technical Report of IDD Dept.

112 In operation 43 U.Construction 32 In design 16 Proposed = 203 Total Industries (as of 1st Q. 2015 )

As per data analysis, the actual Average Growth is 8.75 basic Industry

(Primary and Secondary) and 19.25 Light and Support Industry respectively

per decade between 1975 and 2014 in 40 years of its establishment.

Between 2004 and 2014 yr. end , Yanbu Industrial City has recorded highest

number of increase in Industries (basic Industry=14nos. and Light and support

Industry 19 nos.)

“As of 1st Quarter2015, an additional applications have been received to establish new

industries in Yanbu Industrial City.”

1975-84 1985-94 1995-04 2005-14Primary& Secondary 4 13 21 35Light & Support 10 23 29 77

Industrial Growth

Operation UnderConstruction

In Design Proposed

Light & Support 77 34 26 15Primary & Secondary 35 9 6 1

Industries Dev. Status as of 1st Q. 2015

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OIL REFINING & PETROCHEMICAL INDUSTRIES PRODUCTION CAPACITY

Industry

Production Capacity

(as of 2015 1st Qtr.)

Products

Saudi Aramco Crude Oil Terminal 4,500,000 BPD Crude Oil storage & Shipment

Saudi Aramco NGL Fraction Plant 580,000 BPD Ethane, Propane, Butane, Natural Gasoline

Saudi Aramco Yanbu Refinery 235,000 BPD LPG, gasoline, diesel, kerosene, fuel oil

Saudi Aramco-Exon Mobil Yanbu

Refinery (SAMREF) 400,000BPD Propane, Motor fuel, Jet fuel, diesel, fuel oil, sulfur

Saudi Aramco-Mobil Lubricating Oil Refinery (LUBREF)

2,000,000 BPY Lube oil base stocks

Saudi Yanbu Petrochemical Company(Yanpet)

2,600,000 TPY Polyethylene, Polypropylene, ethylene glycols

Arabian Industrial Fibers Co.

(IBN RUSHD) 725,000 TPY Xylenes, benzene, PTA,PET ,acetic acid

National Industrial Gases Co.(GAS) 3,500,000 TPY Oxygen, nitrogen

Yansab (olefins 2)

(So 3,361,000 TPY Polyethylene, Ethylene, Ethylene Glycol

Natpet 400,000 TPY Polyethylene, Polypropylene

Yasref 4,00,000 bpd Gasoline, Liquefied petroleum gases, sulfur & others

Note: BPD= barrels per day BPY = barrels per year TPY = tons per year

SOURCE: Investor Relation Dept.

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YANBU INDUSTRIAL CITY - EMPLOYMENT

51.4%

5.2%

0.7%

42.7%

Saudi N/S ArabWestern Eastern

5%

Yanbu Industrial City Total Employment Average annual growth rate between 2005 to 2014.(in 10yrs.)

8.5%

Yanbu Industrial City Saudi Employment Average annual growth rate between 2005 to 2014(10yrs.)

Employment by Economic Sectors by 2014 yr. end: Employment by Ethnicity by 2014 Yr. End:

41%

18%

17%

7%

7% 4%

3% 3%

Primary/ Secondary Industry

Light/ Support Industry

National Government Services

Municipal Government Services

Commercial/ Retail

Social Services

Construction

Utilities/ Transport

Employed Persons

by Year end of 2014:

65,877

“Female employment in Yanbu Industrial City is primarily in Health Services, Education, Retail Services and Banking”. Source: YIC Commercial Survey.

MAJOR ACHIEVEMENT OF RC

YANBU IN EMPLOYMENT SECTOR

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YANBU INDUSTRIAL CITY-POPULATION 5.7%

Yanbu Industrial City(Inside+outside) average annual growth rate of population

between 2003 to 2014.

≥ 6% Yanbu Industrial City(Inside+outside)

average annual growth rate of Saudi population between 2003 to 2014.

Yanbu Industrial City Population

1. Saudi Resident Population

(Living Inside the City) 88,025 52.5%

2. Non-Saudi Resident Population

(Living Inside the City) 17,388 10.4%

Sub -Total Total Population (Inside City ) 105,363 62.8%

3.

Saudi Non- Resident Living Outside the City (Yanbu –

sub-region) 39,931 24.0%

4.

Non-Saudi Non-MYAS Resident Living Outside the City (Yanbu

sub-region) 22,429 13.4%

Sub-Total Total Population(Outside city) 62,360 37.0% Grand Total

(Outside + Inside Yanbu Industrial City) 167,723 100%

Note: City Annual Forecast

“Saudi Population have been steadily

increasig in Yanbu Industrial City-Source: CAF

2003 2007 2014Saudi 63,381 69,531 127,956Non-Saudi 22,598 28,735 39,767

Population(Inside + Outside)

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YANBU INDUSTRIAL CITY RESIDENTIAL OVER VIEW

“A View of 40 years of Successful Residential Development”

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YANBU INDUSTRIAL CITY RESIDENTIAL DEVELOPMENT 785 Average increase of Residential units per

year between 1985 -2014 Residential Units consisting of Villas,

Townhouse, Apartments and Dorms

Residential Units Supply by Agency

3% Average annual Increase in Residential

Units(excluding Dorms) from 1985 – 2014 year end Source: Historical Data Analysis

74.5%

15%

8% 2.4%

RC

Companies

Investors

Individuals “558 Units

Were built in 1ST Quarter 2015 Source: Construction Dept.

23,326 Units Total Supply

including Dorms as of 1ST Q. 2015

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YANBU INDUSTRIAL CITY RESIDENTIAL MARKET RENTAL RATES

Housing Type Rental Rates (in Saudi Riyals/Year)

4TH Q.2014 1ST Q.2015 VILLAS

2 Bed Room 23,000-25,000 24,000-25,000

Q. Av. Change - 2%

3 Bed Room 45,000-48,000 45,000-48,000

Q. Av. Change - No Change 4 Bed Room 46,000-80,000 46,000-80,000



Q. Av. Change - 3%

7 Bed Room 70,000-110,000 70,000-110,000

Q. Av. Change - No Change

8 Bed Room 90,000-110,000 90,000-110,000


TOWNHOUSE 3 Bed Room 40,000 –50,000 40,000 –55,000

Q. Av. Change - 2.7%

4 Bed Room 45,000-70,000 45,000-70,000

Q . Av. Change - No Change

APARTMENTS

1 Bed Room 14,000-19,000 14,000-20,000

Q. Av. Change - 2% 2 Bed Room 24,000-35,000 24,000-35,000



4 Bed Room 50,000-65,000 50,000-65,000


Source: Real Estate Office and Collection of Information

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YANBU INDUSTRIAL CITY –COMMERCIAL DEVELOPMENT

“A View of 40 years of Successful Commercial Development”

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YANBU INDUSTRIAL CITY –COMMERCIAL CENTERS Commercial Centers: Retail and service operations at Yanbu Industrial City are classified into Three types of commercial centers:

- Local Centers - District Centers - Super District Centers

1. City Branded Commercial Partners:

RC YANBU MARKET RENTAL RATES :Retail & Office Commercial Establishments:

Description 4th Qtr. 2014 (SR/M ²/YEAR)

1st Qtr. 2015 (SR/M ²/YEAR)

RETAIL COMMERCIAL BUILDING RENT

400-1,800 400-1,800

Q. Av. Changes. - No Change

OFFICE COMMERCIAL BUILDING RENT

700-1,600 400-1,600

Q Av. Changes - No Change Source: Real Estate Offices & Information collection

“The Specialty shops and quality

restaurants are a priority in the City”

- YIC Quality of life Survey

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YANBU INDUSTRIAL CITY –SPECIAL AREAS

City Center & Waterfront Design View

“Over $ 250 million has been invested in developing just the Infrastructure of over 12 Kms of Prime Red Sea Coast with future investments in world-class resorts, Commercial and Recreational Facilities’’

- Source: Parsons Website.

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YANBU INDUSTRIAL CITY- SPECIAL AREAS CITY CENTER INVESTMENT OPPORTUNITIES CITY CENTER INVESTMENT OPPORTUNITIES

Source: Investment Dev. Dept. and Urban Planning Dept.

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YANBU INDUSTRIAL CITY ECONOMIC INFRASTRUCTURE

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YANBU INDUSTRIAL CITY –REGIONAL SERVICES

21 International Flights Weekly

Flights to Four International Cities

and Three Cities within the

kingdom -Per Air Port Authority

More than 88% increase in operations &

133% increase in passenger traffic since

2008.- Per Ai Port Authority

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YANBU INDUSTRIAL CITY –PUBLIC TRANSPORT

1.

Travel and Tourist Agencies in the City: Saudi Airlines Al-Attar ACE British Airways Samara Travel Agency Al Zouman Travel Agency

Kanoo Transportation

Some contractors in Yanbu Industrial

City operate their own transportation

services to move workers between

camps and the work place.

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KING FAHD INDUSTRIAL PORT –IMPORTS AND EXPORTS

1st Qtr. 2015 Imports consists of 10% and Exports consists of

90%. Import Products consists of : Liquid Artificial Materials,

Solid/Liquid Materials, Oil Products. Export Products consists of : Liquid/Solid Petro-Chemical

Products, Solid Materials and Oil Products.

Note: KFIP Primary Exports are Oil Products.

Source: SP & PM and For more Information : visit:www.ports.gov.sa

YANBU INDUSTRIAL CITY –POWER & WATER FACILITIES

Imports (MM Tons) Exports(MM Tons)1.9 17.2

Imports & Exports as of 1st Q. 2015

Export & Import2010 83,544,2652011 90,715,5262012 101,014,1042013 92,391,6752014 91,462,163

2010 2011 2012 2013 2014

83.5

4

90.7

1

101.

14

92.3

5

91.0

0

2010 2011 2012 2013 2014

Imports and Exports Growth

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SOURCE: MARAFIQ

Power Supply & Demand as of 1st Q. 2015

Installed Power Generation Capacity

Firm Power Supply

Average Power Demand of the Quarter

Desalinated Water Production & Demand as of 1stQ. 2015

Installed Desalinated Water Production Capacity

Firm Desalinated Water Supply

Average Desalinated Water Demand

Coolant Seawater Production & Demand as of 1stQ. 2015

Inastalled Coolant Seawater Pumping Capacity

Firm Coolant Seawater Seawater Supply

Average Coolant Seawater Demand

1,631 MW

8,630 M³/hr.

6,754 M³/hr

5,253 M³/hr

560,799 M³/hr

374,574 M³/hr

700,000 M³/hr

1,226 MW

989.10 MW

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Export & Import2010 83,544,2652011 90,715,5262012 101,014,1042013 92,391,6752014 91,462,163

2010 2011 2012 2013 2014

83.5

4

90.7

1

101.

14

92.3

5

91.0

0

2010 2011 2012 2013 2014


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YANBU INDUSTRIAL CITY – A SMART CITY: HIGHLIGHTS

RCY Signed Contract for a period of 20Yrs. with the Bayanat – Mobily as a Strategic Partner

Value Added Services:

UNIFIED OPERATION CENTER (UOC): - Real time view on all systems - Integrated Customer Profiles & Process - Faster response time - Team ready in any situation/any time - Mobile access & notification

CITY MANAGEMENT: - Roads, Lighting, Traffic Signals, Irrigation, Buildings, CCTV, Fire

Alarm, Water& Electricity waste, Asset management.

COMMUNITY PORTAL:

- Ability to interact with RCY management.

- Request for servicws - Follow up and ticketing - Mobile access and notification

SMART HOMES: - Ability to order smart home solution - Remotely manage and control home services - Monitor energy consumption - Integrated system alert when away - Mobile access and alarm

“Yanbu Industrial City, is the First Smart City in Saudi Arabia. RCY has

signed a strategic partnership agreement to

implement the Yanbu Smart City Project”.

- Dr. Alaa Nassif,

CEO, Royal Commission at Yanbu

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Export & Import2010 83,544,2652011 90,715,5262012 101,014,1042013 92,391,6752014 91,462,163

2010 2011 2012 2013 2014

83.5

4

90.7

1

101.

14

92.3

5

91.0

02010 2011 2012 2013 2014


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YANBU INDUSTRIAL CITY – WiFI ZONE

“The City’s public wireless system (Free Wi-Fi Service) at present is accessible at the locations shown above. In course of time, all RC facilities, beaches, and tourist areas will be provided with free Wi-Fi services.”- Source: IT Dept.

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YANBU INDUSTRIAL CITY – QUALITY OF LIFE

23,326 Housing Units including Dormitories

> 711 Commercial Establishments (A few of them are not in Operation/renovation)

Health Facilities(Operational): Hospitals=3,Clinics=10

Industrial College(1) & Tech. Institute(1), University Colleges(2) and an English Learning Centre(1)

54 Schools and Kindergartens including International Schools

Public Library

One Festival Park & 15 Community Parks

Special Areas consisting of City Center & Waterfront

> 43 ha. Land developed for Recreation & Sports Facilities

More than 640.11 Km Paved road (Highway, Primary, Secondary, Tertiary Rds. Other

Roads & Parking Areas)

Safety & Security: 4 Fire Stations and well equipped City Security Team

“ Yanbu Industrial City is one of the Best Livable Communities” – UN Environment Program Award 2013

“ Waterfront Project investment is further enhancing quality of life in Yanbu Industrial City” - Parsons

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YANBU INDUSTRIAL CITY –1st Q. 2015 MAJOR EVENTS

President, Parsons- USA: Visit to RC Yanbu

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YANBU INDUSTRIAL CITY –MAJOR EVENTS

Flowers and Gardens Festival - 2015

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Global achievements of the Royal Commission in Yanbu during the past year in 2014

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SHOULD YOU HAVE ANY QUESTIONS OR

WISH TO DISCUSS ANY OF THE RELATED ISSUES OF ECONOMIC REVIEW

PLEASE CONTACT:

STRATEGIC PLANNING & INVESTMENT DEVELOPMENT DIVISION ECONOMIC PLANNING DEPARTMENT

CONTACT PHONE NO: + 966 14 321- 6636 /6427

“Industrialization” is our choice for diversifying our sources of Income – The Custodian of the Two Holy Mosques Late King Abdullah Bin Abdulaziz Al Saud

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SHOULD YOU HAVE ANY QUESTIONS OR

WISH TO DISCUSS ANY OF THE RELATED ISSUES OF ECONOMIC REVIEW

PLEASE CONTACT:

STRATEGIC PLANNING & INVESTMENT DEVELOPMENT DIVISION ECONOMIC PLANNING DEPARTMENT

CONTACT PHONE NO: + 966 14 321- 6636 /6427

“Industrialization” is our choice for diversifying our sources of Income – The Custodian of the Two Holy Mosques Late King Abdullah Bin Abdulaziz Al Saud

Royal Commission for Jubail and YanbuRoyal Commission at Yanbu

STRATEGIC PLANNING & INVESTMENT DEVELOPMENT DIVISIONECONOMIC PLANNING DEPARTMENT

Documents

1st Q. 2015 yanbu Economic Review.pdf