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Royal Commission for Jubail and Yanbu Supporting Inward Investment and Economic Development in Jubail City Centre, KSA Jubail City Planning Forum 12 February.

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Presentation on theme: "Royal Commission for Jubail and Yanbu Supporting Inward Investment and Economic Development in Jubail City Centre, KSA Jubail City Planning Forum 12 February."— Presentation transcript:

1 Royal Commission for Jubail and Yanbu Supporting Inward Investment and Economic Development in Jubail City Centre, KSA Jubail City Planning Forum 12 February 2014 Martin Cooper, Director, Deloitte Corporate Finance Limited

2 © 2014 Deloitte Corporate Finance Limited – Private and Confidential Introduction 2

3 © 2014 Deloitte Corporate Finance Limited – Private and Confidential Introduction The purpose of this presentation is to set out how the development of Jubail City Centre (JCC) can be used to generate inward investment and economic development at Jubail Industrial City (JIC) This presentation is structured to answer the following three questions: 1.What is the offering of JCC? 2.What models can be used to deliver JCC? 2 examples 3.How can JCC generate economic development and inward investment? 3 Supporting Inward Investment and Economic Development in Jubail City Centre, KSA

4 © 2014 Deloitte Corporate Finance Limited – Private and Confidential What is the offering of JCC? 4

5 © 2014 Deloitte Corporate Finance Limited – Private and Confidential Jubail City Centre – regional context The catchment of JCC will extend from Ras Al Khair Industrial City in the north to the Dammam Metropolitan Area (DMA) in the south 5 Source – Google Earth, Deloitte Note - illustrative locations only Supporting Inward Investment and Economic Development in Jubail City Centre, KSA

6 © 2014 Deloitte Corporate Finance Limited – Private and Confidential Jubail City Centre – local context Jubail City Centre is located at the heart of the community areas within JIC 6 Supporting Inward Investment and Economic Development in Jubail City Centre, KSA Source – Google Earth, Deloitte Note - illustrative locations only

7 © 2014 Deloitte Corporate Finance Limited – Private and Confidential Jubail City Centre – City Centre Plan JCC is a major mixed-use development planned over 275 ha and 119 land parcels 7 Source – RCJY JCC is planned at the heart of the community areas in JIC and the City Centre Plan comprises: 275 ha 119 Land Parcels Over 500,000 sq m retail GFA Over 700,000 sq m office GFA Over 10,000 residential units 1,000 hotel rooms Over 40,000 parking spaces Supporting Inward Investment and Economic Development in Jubail City Centre, KSA

8 ©2014 Deloitte Corporate Finance Limited – Private and ConfidentialSupporting Inward Investment and Economic Development in Jubail City Centre, KSA Jubail City Centre – constituent components The following examples represent JIC constituent components that will be available to investors, developers and end users 8 Retail Centre Lifestyle and Food & Beverage (F&B) retail Shopping Street Outdoor Mall Retail led mixed-use high street Promenade Public square with retail led mixed-use Waterfront Souk Civic Centre Park Waterfront retail led mixed-use Municipal one stop shop with retail use Marina Waterfront retail led mixed-use Residential Petropolis Private yacht club with F&B retail Public entertainment use with retail Waterfront residential district Aquarium ParkPublic entertainment use with retail Al Deffi Window Waterfront residential led mixed-use Source – RCJY

9 © 2014 Deloitte Corporate Finance Limited – Private and Confidential What models can be used to deliver Jubail City Centre?

10 © 2014 Deloitte Corporate Finance Limited – Private and Confidential Delivery of Waterfront City Centre Projects Example 1: Waterfront Toronto, Toronto, Canada 10 Source – Waterfront Toronto Fast facts: 800 ha regeneration programme 25 year implementation programme (launched in 1999) 40,000 new residential units 40,000 new jobs 3.5 km of waterfront development Key themes: People first Parks and public spaces Our future is green Innovation Economic growth Design excellence Return on investment Supporting Inward Investment and Economic Development in Jubail City Centre, KSA

11 © 2014 Deloitte Corporate Finance Limited – Private and Confidential Delivery of Waterfront City Centre Projects Example 1: Waterfront Toronto, Toronto, Canada Supporting Inward Investment and Economic Development in Jubail City Centre, KSA 11 Establishment Delivery Establish Waterfront Toronto entity Public consultation and master plan/ infrastructure planning Initial negotiations with private sector developers Key Activities Phase US$108 million generated primarily from land sales Revenue initiatives will now focus on land sales Other revenue sources include parking, asset management and public realm contributions from developers Phased delivery of infrastructure Funding used to deliver: Roads Public transit Flood protection Public parks Parking Infrastructure Transfer of land from three Government entities Initial funding US$1.4 billion for infrastructure Future revenues delivered from land sales to private sector developers Reinvestment into future infrastructure To date US$1.2 billion of the initial budget has been spent on priority infrastructure projects Funding

12 © 2014 Deloitte Corporate Finance Limited – Private and Confidential Delivery of Waterfront City Centre Projects Example 2: Melbourne Docklands, Melbourne, Australia 12 Fast facts: 190 ha redevelopment programme 25+ year implementation programme (launched in 1997) 20,000 residents 60,000 workers US$15.5 billion of private sector investment by 2025 Key themes: Liveable city Waterfront living Sustainable city Multimodal transport Entertainment and leisure Innovation Source – Places Victoria Supporting Inward Investment and Economic Development in Jubail City Centre, KSA

13 © 2014 Deloitte Corporate Finance Limited – Private and Confidential Delivery of Waterfront City Centre Projects Example 2: Melbourne Docklands, Melbourne, Australia Supporting Inward Investment and Economic Development in Jubail City Centre, KSA 13 Establishment and Private Sector Funding Completion by 2025 Development agreements signed to deliver Stadium Docklands Authority given Municipal powers Key infrastructure including highway improvements, bridges and tram Key Activities Phase Plans to accommodate 60,000 workers in over 760,000 sq m of office space Plans to accommodate 20,000 residents Target to attract 20 million visitors per annum Home to 7,000 residents and 40,000 workers in ha open space and parks Stadium sold on a long leasehold in 2006 for US$293 million Development agreements sought Mid-way at 2013 Docklands Stadium Consortium funds initial US$410 million development To 2025 a further US$8 billion private sector investment is anticipated within the project To 2013 US$7.6 billion of private sector investment has been attracted to the project Funding

14 © 2014 Deloitte Corporate Finance Limited – Private and Confidential How can Jubail City Centre generate economic development and inward investment? 14

15 © 2014 Deloitte Corporate Finance Limited – Private and Confidential Benefits of developing a City Centre at JIC A City Centre at JIC can be used to support inward investment, economic development and the provision of wider amenity 15 JIC City Centre Economic Development Inward investment Education and Skills Planning and Infrastructure Education and skills Labour force attraction and retention Productivity Economic diversification Innovation and entrepreneurship Support services Amenity and Culture Master planning framework Physical infrastructure Social infrastructure Entertainment and Leisure Culture Lifestyle offer New jobs New technology New knowhow Supporting Inward Investment and Economic Development in Jubail City Centre, KSA

16 Deloitte Corporate Finance Limited is a Company limited by shares, registered in Dubai International Financial Centre with registered number CLO 748 and is authorised and regulated by the Dubai Financial Services Authority. A list of members is available for inspection at Al Fattan Currency House, Building 1, Dubai International Financial Centre, the firms principal place of business and registered office. Tel: +971 (0) Fax: +971 (0) Deloitte below refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Deloitte Corporate Finance Limited is an affiliate of the UK and Middle East member firms of Deloitte Touche Tohmatsu Limited. Please see for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms. Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte has in the region of 200,000 professionals, all committed to becoming the standard of excellence. Deloitte's professionals are unified by a collaborative culture that fosters integrity, outstanding value to markets and clients, commitment to each other, and strength from cultural diversity. They enjoy an environment of continuous learning, challenging experiences, and enriching career opportunities. Deloitte's professionals are dedicated to strengthening corporate responsibility, building public trust, and making a positive impact in their communities. © 2014 Deloitte Corporate Finance Limited. All rights reserved


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