Saudi Arabia launches four special economic zones to attract foreign investors – The National

Saudi Arabia launches four special economic zones to attract foreign investors – The National

Saudi Arabia has launched four special economic zones that will offer companies financial and non-financial incentives as it seeks to attract more foreign investment and position itself as a global business centre.

The new zones will focus on the key growth sectors of advanced manufacturing, cloud computing, medical technology and maritime, the Saudi government said.

They will offer foreign investors a chance “to have a stake in the world’s fastest-growing economy”, said Khalid Al-Falih, chairman of the Economic Cities and Special Zones Authority and Minister of Investment.