Jubail and Yanbu Industrial Cities Services Company

What Jubail and Yanbu Industrial Cities Services Company does

Jubail and Yanbu Industrial Cities Services Company (Jabeen) is a single-person closed joint stock company, 100% owned by the Royal Commission for Jubail and Yanbu (RCJY), a Saudi government entity. Established in 2018 to align with Saudi Arabia's Vision 2030 and the National Investment Strategy, Jabeen operates as the investment arm of RCJY, developing, managing, and operating industrial zones and logistics services across four cities: Jubail, Yanbu, Ras Al Khair, and Jazan. Its portfolio includes the flagship 1,555-hectare PlasChem Park for chemical and manufacturing industries in Jubail 2, ready-made factory facilities (1,500–2,800 sqm) for SMEs, pipeline corridor management services, district cooling infrastructure, port operations at Jazan (under a 40-year Hutchison agreement), and real estate services spanning workforce housing, commercial, and residential developments.

Jabeen operates across three primary work streams: Industrial and Logistics Services (including PlasChem Park, ready-made factories, Tahwil waste processing JV with Veolia, Jubail Chem Tank JV with SABIC and Vopak), Real Estate Services (labor camps with capacity for 7,680 workers in Jubail and over 2,244 units in Yanbu, the HOP housing program with ~1,500 planned Phase 1 units, marina and city center developments), and Digital Services (via subsidiary Rqeem). The company monetizes primarily through managed services: industrial zone management, equity participation in joint ventures, real estate development, and transformation of Royal Commission assets into revenue-generating investment opportunities. GTM is enterprise field sales, engaging private sector partners, allocating industrial land, and forming joint ventures with global operators such as SABIC, Sadara, Vopak, Veolia, and Hutchison.

The underlying technology platform centers on industrial zone management infrastructure rather than software products. Proprietary assets include the integrated PlasChem industrial cluster with shared services (pipeline corridors, steam networks, fire suppression, security fencing), the ready-made factory plug-and-play model, district cooling infrastructure, and the 71-tank (568,000 m³) Jubail Chem Tank storage facility. Jabeen holds 100% ownership of Mashroat Real Estate Development and Rqeem Digital Solutions, with minority stakes in Silk Road (20%), Tahwil (20%), ChemTank (20%), and Adami 3D Printing (35%). The company maintains a board chaired by the Chairman of RCJY with representation from the Ministry of Industry and Mineral Resources, confirming its status as a state-aligned holding and infrastructure entity.

Name

Jubail and Yanbu Industrial Cities Services Company

Legal name

Jubail and Yanbu Industrial Cities Services Company

Website

https://jabeen.sa

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Jubail and Yanbu Industrial Cities Services Company (Jabeen) is a government-owned holding company and the investment arm of the Royal Commission for Jubail and Yanbu, managing and developing industrial zones, logistics services, and real estate across four Saudi industrial cities: Jubail, Yanbu, Ras Al Khair, and Jazan.

Ownership category

akta.pro rank

Product category

Industrial Zone Management and Logistics Services

SIC

Real Estate Agents & Managers (For Others) (6531), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Industrial & Logistics Property Management (BPAJAGAC)

akta.pro secondary industries

Industrial Park Owners Association Management (BPAJAHAH), Industrial Land & Build-to-Suit Site Brokerage (BPAJACAJ)

Keywords

• Industrial zone management
• Industrial logistics services
• Petrochemical infrastructure
• Workforce housing solutions
• Joint venture investments

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Supply Chain, Others

Revenue model

1. Industrial Zone Management: Managing, developing, and operating industrial areas and logistics facilities in Royal Commission cities, generating revenue through service fees and land allocation.
2. Joint Venture Investments: Equity participation in joint ventures such as Tahwil (waste processing), Jubail Chem Tank, and other industrial service companies.
3. Real Estate Development: Developing and managing workforce housing, commercial properties, and residential complexes in partnership with private sector.
4. Asset Investment: Transforming Royal Commission assets into revenue-generating investment opportunities, including land development and property investment.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Jabeen is the investment arm of the Royal Commission for Jubail and Yanbu, managing, developing, and operating industrial zones, logistics services, real estate developments, and digital services across four Saudi industrial cities (Jubail, Yanbu, Ras Al Khair, Jazan). It allocates industrial land and ready-made factories to investors, forms joint ventures with strategic partners, and operates supporting infrastructure such as pipeline corridors, district cooling, ports, and workforce housing.

Product overview

Jubail and Yanbu Industrial Cities Services Company (Jabeen) operates as a holding company with three main work streams: Industrial and Logistics Services (including PlasChem Park, Ready Made Factories, Pipeline Corridor Management, and joint ventures like Tahwil, Silk Road, and ChemTank), Real Estate Services (labor camps, apartments, housing programs), and Digital Services (via Rqeem). The company manages strategic partnerships including wholly-owned subsidiaries and joint ventures in industrial waste, tourism, and technical services. The portfolio includes flagship projects like the 1,555-hectare PlasChem Park for chemical and manufacturing industries, district cooling services, and port operations at Jazan.

Differentiator

Problem solved

Functional benefit

Brands

• PlasChem: A dedicated zone for chemical and manufacturing industries in Jubail Industrial City 2, covering approximately 1,555 hectares.

Products and services

• PlasChem Park A chemical and manufacturing industries zone in Jubail Industrial City 2 covering 1,555 hectares, designed to cluster and link chemical industries into integrated industrial chains with shared services such as pipeline corridors, steam networks, fire suppression, and security. Targeted at industrial and petrochemical investors.
• Ready-Made Factories Pre-built factory units ranging from 1,500 to 2,800 square meters featuring production workshops, parking, loading areas, and administrative offices for small and medium-sized industrial companies seeking immediate operational readiness.
• Pipeline Corridor Comprehensive Management Comprehensive management of pipeline corridor assets including regulatory guidelines, safety, engineering, construction, inspection, and maintenance services for industries in Jubail and Yanbu, achieving risk management through centralized shared services.
• Jazan Port Gateway for primary and downstream industries in southern Saudi Arabia, operated by Hutchison under a 40-year revenue-sharing model as the primary gateway for logistics services in the Jazan Region.
• District Cooling Services Water cooling and air conditioning services provided to tenants in Royal Commission cities, supporting district cooling initiatives and reducing power consumption for industrial customers.
• Industrial Waste Landfill Designated area for multi-waste management companies to handle industrial waste through recycling or treatment, minimizing landfill usage within Royal Commission cities.
• Tahwil Industrial Waste Services Industrial waste processing and steam generation using high-tech technologies with high environmental compliance, serving tenants in the PlasChem area through the Tahwil JV (80% Veolia, 20% Jabeen).
• Jubail Chem Tank Storage Services Chemical tank storage and logistics services provided through a JV with SABIC, Vopak, and Jabeen, operating 71 tanks with total capacity of 568,000 cubic meters to serve petrochemical complexes in Jubail.
• Silk Road Investment Facilitation Bilateral initiative between KSA and China to foster joint relations and facilitate Chinese investment flow into Saudi Arabia through professional marketing, consulting, and investor support services.
• Labour Camps (Workforce Housing) Workforce housing complexes in Jubail (7,680 worker capacity) and Yanbu (10 buildings with 1,020 units and 11 buildings with 1,224 units), including kitchens, mosques, and commercial buildings, operated through a special purpose company with private sector participation.
• AlHuwalat District Apartments Renovation and allocation of 7 unutilized buildings comprising 42 apartments in AlHuwalat district for private sector asset management and residential leasing.
• Marina Boulevard (Yanbu) Commercial investment opportunity in Yanbu Marina spanning 18,789 sqm, serving as an anchor development for the harbor village and engaging private sector in land development.
• Jubail City Center Land Development Land allocation for office and residential space in the new Jubail city center (34,768 sqm) targeting small and medium companies seeking established commercial addresses.
• HOP - Home Ownership Program (Jubail and Yanbu) Housing development for home ownership programs targeting industrial employees and SME companies, with first phase of approximately 1,500 planned units in Jubail and parallel Yanbu development.
• Rqeem Digital Services Digital services offering provided through the Rqeem company, extending Jabeen's service portfolio to include digital transformation solutions for industrial tenants and partners.

Quantifiable outcome

• Industrial integration enabling optimal utilization of basic petrochemical products
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• SABICcoreStrategic or Co-development PartnerMajor petrochemical company providing support to PlasChem through availability of materials, ease of access to customers, and technical support for investors. Partner in Jubail Chem Tank JV (58% stake).
• VeoliacoreStrategic or Co-development PartnerFrench environmental services company holding 80% in Tahwil Company JV for industrial waste processing and steam generation in PlasChem area.
• VopakcoreStrategic or Co-development PartnerPort terminal operator holding 22% in Jubail Chem Tank JV (71 tanks, 568 km³ capacity) alongside SABIC (58%) and JABEEN (20%).
• Hutchison PortscoreChannel Partner/ Reseller/ DistributorInternational port operator contracted for 40 years (revenue-sharing model) to operate, invest in, and develop Jazan Port as the Kingdom's southern gateway.
• Mashroat Real Estate Development CompanycoreStrategic or Co-development PartnerFully owned subsidiary (100%) focused on real estate development within Royal Commission cities.
• Blue Adventures Tourism CompanyminorStrategic or Co-development PartnerTourism company with 50% participation rate, expanding Jabeen's service offerings.
• Saudi Silk Road CompanyminorStrategic or Co-development PartnerBilateral initiative between KSA and China with 20% Jabeen participation, facilitating Chinese investment flow into Saudi Arabia through professional marketing and consulting.
• Aymensa IndustrialminorStrategic or Co-development PartnerPartner in establishment of ADAMI Company for 3D printing services with 35% Jabeen participation.
• SadaracoreStrategic or Co-development PartnerMajor petrochemical company supporting PlasChem through material availability, customer access, and technical support.
• Royal Commission for Jubail and YanbucoreStrategic or Co-development PartnerParent organization (100% ownership) providing infrastructure, facilities, easy land allocation, low rental costs, and logistics services support.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• SABIC: Saudi petrochemical giant and Jabeen's largest JV partner (58% in ChemTank, material supplier to PlasChem). Comparable as a major anchor of Saudi industrial ecosystem, but at a vastly larger scale and with a manufacturing rather than zone-operator focus.

Regional players

• Special Economic Zone Authority of Duqm (SEZAD): Omani government authority developing and operating the Duqm Special Economic Zone, including port, industrial, and logistics zones. Comparable as a regional state-backed SEZ developer with multi-decade land lease, port, and JV structures.
• Ras Al Khaimah Economic Zone Authority (RAKEZ): UAE economic zone authority operating industrial, commercial, and free-zone parks in Ras Al Khaimah. Comparable in business model — government-backed industrial zone operator offering land, warehousing, and tenant services across multiple zones.
• Tecom Group: UAE-based owner/operator of specialized business and industrial free zones (e.g., Dubai Internet City, Dubai Industrial City). Comparable as a regional GCC operator of multi-purpose industrial and business parks with leasing, JV, and shared-services models.

Others

• Aldar Properties: UAE-based real estate developer and asset manager with significant industrial, logistics, and mixed-use portfolios. Comparable as a regional real estate developer operating workforce housing, commercial, and industrial assets at scale, though broader in scope than Jabeen.
• Saudi Industrial Development Fund (SIDF): Saudi government entity that finances private industrial projects across the Kingdom. Adjacent comparator as a Saudi state instrument channeling Vision 2030 industrial capital, though operating as a financier rather than a zone operator.
• Marafiq: Saudi utility company providing power, water, and district cooling to industrial cities including Jubail and Yanbu. Closely adjacent to Jabeen's industrial service model — both serve RCJY city tenants with shared infrastructure — and a relevant comparator for Jabeen's district cooling initiative.

Direct peers

• Knowledge Economic City (KEC): Saudi-listed developer of a master-planned economic city in Madinah focused on knowledge-based industries, residential, and commercial real estate. Comparable in structure as a Saudi joint stock economic/industrial city developer with land lease and JV models.
• Emaar, The Economic City (KAEC): Saudi joint stock company developing King Abdullah Economic City (KAEC), a master-planned industrial and residential city on the Red Sea coast. Closely comparable as a publicly traded Saudi entity that develops, leases land, and operates industrial/residential zones for private investors.
• Saudi Industrial Cities & Technology Zones Authority (MODON): Saudi government entity that develops and manages industrial cities and technology zones across the Kingdom, including ready-built factories and land allocation. Directly comparable to Jabeen's role as a state-backed industrial zone developer/operator, though covering a broader Saudi footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/jabeen
• Xx.com/JabeenSa

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jubail and Yanbu Industrial Cities Services Company