![]() King Abdullah Economic City ( KAEC) SEZ Īccordingly, with the launch of the four new SEZs, KSA will have a total of five SEZs, noting that as per the ECZA this is the first wave of the SEZs in KSA.The four new SEZs focus on key growth sectors of advanced manufacturing, maritime activities, metal conversion/logistics and cloud computing respectively. The establishment of the SEZs is in line with KSA’s aim to become a global investment destination and a hub for global supply chains by capitalising on its unique position in global trade routes. ![]() The launch of the new SEZs is in line with Saudi Vision 2030 and represents the initial phase of a long-term programme focused on fostering foreign direct investment, attracting global talent, and encouraging entrepreneurship/economic development in KSA. These new SEZs have been built upon previous free zone initiatives in KSA. On 31 October 2022, the General Authority of Civil Aviation ( GACA) had launched the Integrated Logistics Bonded Zone ( ILBZ), a SEZ located adjacent to the Riyadh International Airport, as part of KSA’s plans to boost cargo capacity, bolster supply chains and become a global logistics hub.ĮCZA has now announced the launch of four new SEZs to capitalise on KSA’s potential as a global business hub. SEZs are geographically delineated areas that support specific activities such as investment, trade and employment by providing competitive advantages and legislative frameworks that differ from the base economy. an inspiring living experience with global quality of life standards.Ī “Special Economic Zone” has been defined under the Statute of the Economic Cities and Special Zones Authority (the ECZA Statute) as a KSA special economic zone established under the ECZA Statue.highly efficient integrated government services and.an investor friendly regulatory environment, competitive sector specific incentives and enablers.The key goals of the ECZA are to raise KSA’s global competitiveness through the launch and enablement of an ECs and SEZs ecosystem that provides: In 2019, ECZA’s mandate was expanded to include the supervision of SEZs and the creation of the right regulatory environment to attract businesses. ECZA was originally formed in 2010 to oversee the development of ECs. The Economic Cities and Special Zones Authority ( ECZA) is the enabler and umbrella regulator of KSA’s Economic Cities ( ECs) and SEZs.
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