Saudi Arabia to launch new special economic zones for varied sectors
Saturday, 10 24 2020, Category: Economy, Country: Saudi Arabia
Saudi Arabia is reportedly planning to launch a series of special economic zones focused on logistics, biotechnology, maritime industry, chemical industry, manufacturing and others to attract investment and boost its economy.
Khalid Al-Falih, Minister Investment, Saudi Arabia said, “There will be many incentives designed for specific investors in focused zones that will be launched in the kingdom in the months to come. The kingdom is also planning “unique special economic zones for the financial sector, for the tourism and hospitality”.
As part of the Saudi Vision 2030 plan, Saudi Arabia, the Arab world’s largest economy is planning new ventures and introducing reforms to draw investment.