Special Economic Zones will open new horizons for development, relying on the competitive advantages of each region to support vital and promising sectors, including logistics, industry, technology and other priority sectors for the Kingdom, as the new Special Economic Zones are strategically located in Riyadh, Jizan, Ras al-Khair and King Abdullah Economic City north of Jeddah.
His Highness the Crown Prince emphasized that the Special Economic Zones will open new horizons for development, relying on the competitive advantages of each region to support vital and promising sectors. His Highness the Crown Prince explained that the special economic zones enjoy special legislative systems and regulations for economic activities that will make these zones among the most competitive in the world to attract the most important qualitative investments, and provide huge opportunities to develop the local economy, create jobs, transfer technology, localize industries, and open wide areas for the development of the Saudi business community, where special economic zones are integrated with the main economy and provide fertile ground to achieve the targets of sectoral strategies that serve Saudi Vision 2030, led by the Custodian of the Two Holy Mosques King Salman bin Abdullah bin Abdulaziz Al Saud.
<a href="https://amlak.net.His Highness the Crown Prince pointed out that the special economic zones constitute integrated logistics and industrial platforms, centered on the investor, to provide an exceptional investment experience and consolidate the Kingdom's position as a transit gateway to the Middle East and Africa and a link between East and West markets, stressing that the launch of these zones continues initiatives to transform the Kingdom into a global destination for investment and a vital center that supports global supply chains, especially after the launch of the integrated logistics special zone, located within King Salman International Airport in Riyadh, in addition to a number of strategic initiatives to be announced later, God willing <The four special economic zones, which are regulated by the Special Economic Zones and Cities Authority, represent the first phase of a long-term program aimed at attracting international companies, encouraging foreign direct investment and promoting the growth of future specific sectors by creating a world-class infrastructure to support local and international investors, and providing distinct investment opportunities, supported by an integrated and advanced system of regulations and systems. The incentives offered to companies include competitive tax rates, exemptions for imports, production inputs, machinery and raw materials from customs duties, allowing 100% foreign ownership, and the ability to attract the best global human resources.
The incentives offered to companies include competitive tax rates, exemptions for imports, production inputs, machinery and raw materials from customs duties, and the ability to attract the best global human resources.
