Saudi Arabia eyes 20 free economic zones, six in Riyadh

Saudi Arabia eyes 20 free economic zones, six in Riyadh

RIYADH: Saudi Arabia is planning to set up 20 special economic zones, of which six will be located in Riyadh, Khalid Al-Falih, Minister of Investment, said during the Future Investment Initiative (FII) summit on Thursday.

Five or six of them will be added to the financial district, which will have international host International companies.

They will be specialized economic zones for digital, creative, and logistics. The airport will probably be one of the first zones.

To this extent, a regulatory environment will be created to be investor friendly and reduce the risk of doing business.

Moreover, Al-Falih added that the Saudi financial sector is one of the top five financial sectors within the G20.