KAEC launches new Special Economic Zone during SEZ Investment Forum in Riyadh

KAEC launches new Special Economic Zone during SEZ Investment Forum in Riyadh

Riyadh: Following the announcement of Special Economic Zones (SEZs) in Saudi Arabia by His Royal Highness Prince Mohammad bin Salman bin Abdulaziz, Crown Prince and Prime Minister, King Abdullah Economic City (KAEC) has announced the unveiling of its ‘KAEC Special Economic Zone’ (KAEC SEZ). The announcement was made at the Economic Cities and Special Zones Authorities’ (ECZA) SEZ Investment Forum, which took place at the Ritz Carlton Riyadh.

The forum saw the attendance of dignitaries and business leaders from across the Kingdom and abroad, highlighting the promising development opportunities available to investors within KAEC SEZ. The event also witnessed the launch of three additional SEZs within Saudi Arabia.

Strategically located at the heart of the Red Sea in Makkah province, the 60 km2 KAEC SEZ is regulated by the ECZA and focuses on key sectors including auto assembly, FMCG, ICT and pharmaceuticals. The zone is also in close proximity to several prominent African & emerging markets, allowing investors to easily connect with existing global supply chains, world-class infrastructure and King Abdullah Port, which was ranked #1 as the world’s most efficient port in 2022 by the World Bank. The zone is also situated near KAEC’s Industrial Valley, which features more than 115