Saudi Crown Prince launches four new special economic zones

Saudi Crown Prince launches four new special economic zones

Riyadh: His Royal Highness Prince Mohammad bin Salman bin Abdulaziz, Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs, launched today four new Special Economic Zones in Saudi Arabia, in line with his commitment to strengthening the Kingdom's position as a global investment destination. The new Special Economic Zones are located in Riyadh, Jazan, Ras al-Khair and King Abdullah Economic City.

His Royal Highness Prince Mohammad bin Salman stressed that Saudi Arabia welcomes investors from all around the world to see first-hand the historic opportunities we have to offer. The new Special Economic Zones, launched today, will significantly impact how business is done in the country, create tens of thousands of jobs, and contribute billions of riyals to our GDP.

His Royal Highness added that the new zones draw on the Kingdom’s strategic location at the heart of global trade, creating new hubs for businesses across key growth sectors to launch and scale the companies and technologies that will shape the future. The Special Economic Zones (SEZs) will support existing national strategies and create new linkages with international frameworks, building on the competitive advantages of each region to support key sectors including logistics, advanced manufacturing, technology and