The new SEZs in Kingdom of Saudi Arabia (KSA), launched last month by His Royal Highness Prince Mohammed bin Salman, Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs, have attracted US$12.6 billion from investors across logistics, manufacturing, maritime, and technology, creating new value chains in the Kingdom. A further US$31 billion in investments are likely. The announcement was made at an investment forum in Riyadh, where four SEZ licenses were awarded to the King Abdullah Economic City’s SEZ, Ras Al-Khair SEZ, Jazan SEZ, and Cloud Computing SEZ. The Economic Cities and Special Zones Authority (ECZA), in partnership with the Saudi Program for Attracting Regional Headquarters of International Companies hosted the event, which follows their official launch by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince. His Excellency Eng. Khalid Al-Falih, Minister of Investment and Chairman, ECZA Board, said, “Our SEZs are part of a comprehensive approach, building on previous initiatives to strengthen KSA’s standing as a premier global investment hub and provide businesses across multiple sectors.”
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