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The Town of Rabigh Rabigh CIP is located just outside the town of Rabigh. The Rabigh area is set to become one of the key industrial centers of Saudi Arabia with the development of PETRORabigh and Rabigh CIP, together with the large-scale new town called King Abdullah Economic City (KAEC). KAEC is situated only 15 kilometers south of Rabigh CIP. It will include an international port, through which products from Rabigh CIP can be transported. The town has amenities such as shops, hotels, restaurants, apartments, etc. The Red Sea coast, where Rabigh CIP is located, offers some of the best diving in the world. Further development of the tourism resources of the Red Sea Coast including the area of Rabigh are planned.
Rabigh CIP and its immediate vicinity Rabigh CIP is situated on the Red Sea in Saudi Arabia with 240 hectares of land next to PETRORabigh, an integrated refining and petrochemical complex. The park is divided into distinct zones:
Getting There The nearest international airport is King Abdulaziz International Airport in Jiddah, 160 kilometers south of Rabigh CIP. A highway connects the airport to Rabigh CIP. Products from Rabigh CIP for export will be transported via the highway to Jiddah Islamic Port, which is located 180 kilometres south of Rabigh CIP. The port provides easy access to the international markets of Europe and North Africa via the Suez Canal. Jiddah Metropolitan Region Jiddah, situated on the region's ancient trade routes, is the largest city on the Red Sea. The city experienced remarkable growth from the end of the 1970s, and today Jiddah Metropolitan Region, which includes Maccah, Taif and nearby towns, has a population of five million. Jiddah Port is the busiest commercial port in Saudi Arabia, and with recent increases, mainly in container trading, the port's throughput volume rose from 28 million tonnes in 2003 to nearly 40 million tonnes in 2005. Kingdom of Saudi Arabia Foreign investors benefit from the fact that Saudi Arabia is a WTO member country. In 2005, foreign investment in Saudi Arabia increased 30-fold, totalling US $53 billion. Manufacturers in countries where energy prices increased dramatically in recent years are finding Saudi Arabia an attractive destination for their production base. Saudi Arabia, with the world's largest oil reserves, offers a long-term and stable supply of energy. Saudi Arabia has a population of approximately 25 million, over half of which are 20 years or younger. The economy of Saudi Arabia is the largest in the Middle East and is rapidly growing due to high population growth rates and ever-expanding foreign trade. With high income from the sale of crude oil, there are significant opportunities for foreign manufacturers to enhance their business in Saudi Arabia. The economic ‘pull' factor towards Saudi Arabia with lower energy and production costs and government incentives, and the economic ‘push' factor away from countries where costs are higher have contributed to recent increases in foreign direct investment in Saudi Arabia. Benefits of locating in Saudi Arabia The general incentives for industry in the Kingdom of Saudi Arabia include: (the bullet points below are also included in the advantages section, is it ok to repeat?)
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