Days before the sixth anniversary of the Crown Prince's auspicious pledge of allegiance, the Crown Prince, Prime Minister and Chairman of the Council of Economic and Development Affairs, launched four special economic zones, in a move that reflects his keenness to develop and diversify the Saudi economy and improve the investment environment, in a way that enhances the Kingdom's position as a leading global investment destination led by Custodian of the Two Holy Mosques King Salman bin Abdulaziz.
The Crown Prince affirmed 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. Including logistics, industrial, technical and other priority sectors for the Kingdom; The new special economic zones are strategically located in Riyadh, Jazan, Ras Al-Khair, and King Abdullah Economic City, north of Jeddah.
He explained that the special economic zones enjoy legislative systems and special regulations for economic activities, which would make these zones among the most competitive in the world to attract the most important qualitative investments, and provide tremendous opportunities for the development of the local economy, job creation, technology transfer, and localization of industries, and it will also open wide areas for development. The Saudi business community, where the special economic zones integrate with the basic economy, and provide fertile ground for achieving the objectives of the sectoral strategies that serve the Saudi Vision 2030, led by the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, which will allow Saudi companies to benefit from the value added by the special economic zones at all levels of business chains. supply, and in various sectors.
The Crown Prince indicated that the special economic zones constitute integrated logistical and industrial platforms, centered around 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 the markets of East and West, stressing that the launch of these zones continues the 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 Special Integrated Logistics Zone, which is located within King Salman International Airport in Riyadh, in addition to a number of strategic initiatives that will be announced later.
It enjoys legislative systems and special regulations for economic activities
It provides huge opportunities for the development of the local economy and the creation of jobs
Transfer of technology, localization of industries, and development of the Saudi business community
Provide a fertile ground for achieving the objectives of the sectoral strategies
The four regions represent the first stage of a long-term program aimed at attracting international companies
Encouraging foreign direct investment and promoting the growth of future qualitative sectors
Provides world-class infrastructure to support local and international investors
It provides distinct investment opportunities, supported by an integrated and developed system of rules and regulations
Okaz (Jeddah) @okaz_online
