{"id":94108,"date":"2025-02-05T00:00:00","date_gmt":"2025-02-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/05\/jazan-economic-city-to-host-sar-2-bn-aquaculture-hub-from-neoms-topian\/"},"modified":"2025-02-05T00:00:00","modified_gmt":"2025-02-05T00:00:00","slug":"jazan-economic-city-to-host-sar-2-bn-aquaculture-hub-from-neoms-topian","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/05\/jazan-economic-city-to-host-sar-2-bn-aquaculture-hub-from-neoms-topian\/","title":{"rendered":"Jazan Economic City to host SAR 2 bn aquaculture hub from Neom\u2019s Topian"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">INVESTMENT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>The Royal Commission for Jubail and Yanbu inked an agreement with Neom\u2019s Topian to <\/strong><strong>establish a SAR <\/strong><strong>1.9 bn aquaculture project<\/strong> in Jazan Special Economic Zone, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/RCJY_Intl\/status\/1886639389104578910\" style=\"\" rel=\"noopener\">post on X<\/a>. The initiative will span some 100k sqm and field a production capacity of 10k tons a year while creating 120 new jobs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Topian? <\/strong>Neom launched the food company back in <a target=\"_blank\" href=\"https:\/\/www.neom.com\/en-us\/newsroom\/neom-announces-topian\" style=\"\" rel=\"noopener\">December 2023<\/a>, aiming to develop sustainable food solutions with a focus on climate-resistant agriculture, regenerative aquaculture, innovative foods, nutrition, and sustainable supplies and ESG. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Neom also launched a joint venture with Tabuk Fisheries, dubbed Topian Aquaculture JV, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/7173bd7c-25bd-4f1d-a1be-e6c83dec7c63\/neom-is-creating-the-largest-fish-hatchery-in-the-region.-plus:-oil-drilling,-aid-to-benin\" style=\"\" rel=\"noopener\">in February of last year<\/a> with the aim of developing the largest fish hatchery in the Mena region by the end of 2024. The initiative was originally set to have a capacity of 42 mn fingerlings, and marine-pen production facilities with a targeted output of 20k tonnes of finfish annually.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">M&A WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s Logic Holding nabs majority stake in Nexel to boost Saudi presence: <\/strong>Cairo-born management consulting group <a target=\"_blank\" href=\"https:\/\/logic-consulting.com\/\" style=\"\" rel=\"noopener\">Logic Holding<\/a> acquired a majority stake in Dubai-headquartered management consulting <a target=\"_blank\" href=\"https:\/\/nexelpartners.com\/\" style=\"\" rel=\"noopener\">Nexel Partners<\/a> for an undisclosed sum, according to <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/329.pdf\" style=\"\" rel=\"noopener\">a press release (pdf)<\/a>. While the exact size of Logic\u2019s ownership in Nexel was not disclosed, the acquisition plays right into the company\u2019s growth plans across key markets in the region. Nexel also has offices in Riyadh and Cairo. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Eyeing Saudi growth: <\/strong>\u201cLogic will prioritize expanding its Saudi Arabian footprint, capitalizing on the Kingdom\u2019s rapid digitalization, before scaling across the Gulf. This targeted approach ensures the firm meets escalating demand while delivering integrated, future-ready solutions,\u201d the release read. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">LOGISTICS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gaca has inaugurated Saudi\u2019s first Air Cargo Security Control Center in Riyadh<\/strong>, the authority said in a <a target=\"_blank\" href=\"https:\/\/gaca.gov.sa\/web\/en-gb\/news\/3-fab-2025\" style=\"\" rel=\"noopener\">statement<\/a>. The newly established center represents a unified platform that will enhance supply chain security through remote inspection, surveillance, and real-time decision-making utilizing the Washaj platform. The facility will run 24\/7, and employ IoT and risk analytics to monitor security across 40 cargo agencies in four regions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>NHC set to h<\/strong><strong>ave a new platform for connecting its contractors and vetted <\/strong><strong>suppliers:<\/strong> Digital procurement software developer <a target=\"_blank\" href=\"https:\/\/penny.co\/\" style=\"\" rel=\"noopener\">Penny Software<\/a> signed an agreement with the <a target=\"_blank\" href=\"https:\/\/nhc.sa\/en\/\" style=\"\" rel=\"noopener\">National Housing Company (NHC)<\/a>, and virtual building materials industrial park <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/watad-vip\/about\/\" style=\"\" rel=\"noopener\">Watad<\/a> to develop a digital procurement platform, Supply Pro, to facilitate connection between NHC contractors and vetted suppliers, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/pennysoftware_%D8%B4%D8%B1%D8%A7%D9%83%D8%A9-%D8%A7%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D9%8A%D8%A9-%D8%A8%D9%8A%D9%86-penny-software-%D9%88-nhc-activity-7292064281762623488-28N3?utm_source=share&utm_medium=member_desktop&rcm=ACoAAD8II5EBnjT9C2vTwVGKNCUIfH3je67Sz-A\" style=\"\" rel=\"noopener\">LinkedIn post<\/a>. The platform aims to reduce operational costs, speed up processes, and enhance decision-making. No timeline or investment ticket was disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">FINANCIAL SERVICES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Global paym<\/strong><strong>ent and compliance solutions provider <\/strong><strong><a target=\"_blank\" href=\"http:\/\/eastnets.com\" style=\"\" rel=\"noopener\">Eastnets<\/a><\/strong><strong> will be offering Swift <\/strong><strong>payments <\/strong><strong>solutions in Saudi Arabia <\/strong>through its newly-launched Swift Service Bureau in the Kingdom, it said in a <a target=\"_blank\" href=\"https:\/\/www.eastnets.com\/news\/eastnets-launches-ksa-swift-service-bureau-supporting-vision-2030-financial-transformation\" style=\"\" rel=\"noopener\">statement<\/a>. The Eastnets KSA Service Bureau will be built on Google Cloud and will comply with the Kingdom\u2019s data sovereignty and privacy laws, as well as global standards such as Swift CSP and ISO 20022.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TELECOMS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Etihad Etisal<\/strong><strong>at (Mobily) successfully landed the 10-km Africa-1 submarine cable in Duba<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/mobily-enhances-the-kingdoms-digital-infrastructure-with-successful-landing-of-the-africa-1-submarine-cable-in-duba-yvzzw9mp\" style=\"\" rel=\"noopener\">a press release<\/a>. The advanced cable \u2014 set to go online early next year \u2014 has a 96 Tbps capacity and is set to improve broadband connectivity and support 5G, AI, and cloud services across Africa, the Middle East, Asia, and Europe. Mobily is participating in the cable project with a consortium of eight parties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Egypt\u2019s Logic Holding nabs majority stake in Nexel<\/p>\n","protected":false},"author":1,"featured_media":94109,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,3965,10,2927,1868,629,1887,100,627],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-eastnets","tag-enterpriseam-ksa","tag-etihad-etisalat-mobily","tag-general-authority-of-civil-aviation-gaca","tag-jazan","tag-national-housing-company-nhc","tag-neom","tag-topian","wpautop","entry"],"acf":{"mongo_id":"751186cb-0ae2-48e1-a8c3-037fbdef8668","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/404.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Jazan Economic City to host SAR 2 bn aquaculture hub from Neom\u2019s Topian","related_issue":[94091],"teaser":"PLUS: Egypt\u2019s Logic Holding nabs majority stake in Nexel","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.c3b62957-624f-48b3-ad7c-3f94cb57c9ae.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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