Four new special economic zones in Saudi Arabia offer opportunities for investors across key sectors

Four new special economic zones in Saudi Arabia offer opportunities for investors across key sectors

Riyadh: Chairman of the Board of Directors of the Special Economic Cities and Zones Authority, Minister of Investment, Eng. Khalid Al-Falih, extended his gratitude to His Royal Highness Prince Mohammad bin Salman bin Abdulaziz, Crown Prince and Prime Minister, on the occasion of launching four new Special Economic Zones (SEZs) in Saudi Arabia.

The new zones, strategically situated across the Kingdom, are ‘King Abdullah Economic City’ (KAEC) SEZ, ‘Jazan’ SEZ, ‘Ras Al Khair’ SEZ and ‘Cloud Computing’ SEZ located in King Abdulaziz City for Science and Technology (KACST). The SEZs reinforce and further Saudi Arabia’s position as a global business hub and will play a major role in achieving Saudi Arabia’s economic development goals under His Royal Highness the Crown Prince’s Vision 2030 strategy.

Eng. Khalid Al-Falih said: “This is an exciting moment. We are proud to see the launch of these four special economic zones that offer the chance for foreign investors to have a stake in the world’s fastest-growing economy.”

The Secretary-General of the Authority, Nabil Khoja, added, “With hugely attractive financial incentives, world-class infrastructure, business-friendly regulations and streamlined procedures for investors, there has never been a better time to be part of Saudi Arabia’s economic success story. The zones will