Minister of Finance Mohammed bin Abdullah Al-Jadaan revealed that a 20-year tax reduction will be offered in special economic cities, in addition to a permanent exemption from VAT on transactions between entities within special zones or between different special zones, during his participation in the activities of the Economic Zones Investment Forum, which kicked off yesterday,

. Jadaan emphasized that special economic zones will contribute to enhancing economic growth, achieving sustainable development, attracting investment, creating job opportunities, promoting exports, building productive capacity, supporting global value chain integration, and industrial upgrading and diversification.

Jadaan explained that special economic zones will contribute to enhancing economic growth, achieving sustainable development, attracting investment, creating job opportunities, promoting exports, building productive capacity, and supporting global value chain integration, upgrading and industrial diversification. <Al-Jadaan explained that the Special Economic Zones program is one of the tools developed to support economic diversification and achieve the strategic objectives of Saudi Vision 2030, as the objectives and operations of the Economic Cities and Special Zones Authority are fully aligned with all vision targets, developments, organizational and societal changes, and planned projects.