New Saudi special economic zones licensed at investment forum in Riyadh

New Saudi special economic zones licensed at investment forum in Riyadh

- New investments announced for the SEZs at the Saudi Special Economic Zones Investment Forum in Riyadh, hosted by the Economic Cities and Special Zones Authority

- The event follows last month’s launch of four new special economic zones by the Crown Prince, His Royal Highness Prince Mohammed bin Salman

Riyadh: Saudi Arabia’s new Special Economic Zones, launched last month by the Crown Prince, His Royal Highness Prince Mohammed bin Salman, have attracted US$12.6 billion from investors across maritime, mining, manufuacturing and logistics, and tech, creating new value chains in the Kingdom. An additional US$31 billion in investments are in progress.

The announcement was made today at an investment forum at the Ritz-Carlton in Riyadh, where four Special Economic Zones (SEZs) licenses were awarded to the King Abdullah Economic City’ (KAEC) SEZ, ‘Ras Al-Khair’ SEZ , ‘Jazan’ SEZ, and ‘Cloud Computing’ SEZ, and early invetsments were also announced.

The event was hosted by the Economic Cities and Special Zones Authority (ECZA), in partnership with the Saudi Program for Attracting Regional Headquarters of International Companies, and follows the official launch of the zones last month by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Prime Minister and Chairman of the Council for