In line with the important consensus reached by the leaders of China and Saudi Arabia on deepening the alignment of the Belt and Road Initiative with Saudi Arabia’s Vision 2030, and to further promote practical industrial and investment cooperation between the two countries, Mr. Hussain Al-Fadli, CEO of the Jazan City for Primary and Downstream Industries (JCPDI) under the Royal Commission for Jubail and Yanbu, visited China to host the China-Saudi (Jazan) Industrial Investment Cooperation Exchange Meeting.
As one of the three enterprises recommended by China Merchants Capital, North Star Recycling was invited to participate in the exchange meeting and signed an investment intention agreement for the Jazan City for Primary and Downstream Industries. The Saudi and Middle Eastern markets hold significant potential and represent a key part of North Star Recycling’s global expansion strategy. The company’s team has conducted multiple domestic and international visits and studies, actively engaging in in-depth discussions with various Saudi stakeholders, achieving substantial cooperative results and enhancing its international reputation.
Jazan City for Primary and Downstream Industries (JCPDI) is a crucial project under Saudi Arabia’s Vision 2030, aimed at promoting economic diversification and reducing reliance on oil. Located in the Jazan region in southwestern Saudi Arabia, the city leverages its strategic position along the Red Sea to develop industries such as petrochemicals and shipping, while also building a modern integrated zone combining industrial, commercial, and residential functions.
JCPDI facilitates industrial upgrading and economic development by attracting domestic and foreign investments. With a total investment exceeding $26.7 billion, the project focuses on infrastructure construction, industrial development, and environmental protection. It offers a range of preferential policies, including low tax rates, tariff exemptions, streamlined regulations, and government support, creating a favorable business environment for investors.
As a vital component of Saudi Arabia’s economic diversification strategy, JCPDI injects new vitality into the nation’s sustainable development by advancing non-oil industries, attracting investment, providing incentives, and establishing digital service platforms.
With globally leading resource recycling technology, North Star Recycling will combine Saudi Arabia’s advantages in energy resources and its strategic location as a hub connecting Asia, Europe, and Africa to promote green, low-carbon, and high-quality development of the circular economy. Following China’s Belt and Road Initiative, the company is committed to contributing to global sustainable development.