Saudi Arabia’s master-planned megaproject, King Abdullah Economic City has been granted a license for the Special Economic Zone, from the Minister of Investment Mr. Khalid Al-Falih, Chairman of Economic Cities and Special Zones Authority (ECZA).
Situated at the crossroads of global trade routes, the city enjoys direct access to all markets in the Middle East and North Africa (MENA) region.
Spanning a total area of 60 square kilometers, the zone will be under the direct supervision of the Special Economic Cities and Zones Authority (ECZA). The Special Economic Zone’s strategic location facilitates the operations of various logistics services and light industries. It is a promising investment environment, offering economic incentives with globally competitive advantages.
The zone benefits from cutting-edge infrastructure, including the King Abdullah Port, the Industrial Valley, and a modern and vibrant community. This community encompasses diverse commercial and social facilities, catering to the needs and aspirations of residents, visitors, and workers in the city.
Moreover, the Special Economic Zone focuses on economic sectors such as car manufacturing, consumables, food, medicine, logistics, and associated industries. It aims to boost domestic output, attract foreign direct investment, generate new employment opportunities, and maximize the Kingdom’s exports by hosting a diverse and extensive range of industries.
It aims to boost domestic output, attract foreign direct investment, generate new employment opportunities, and maximize the Kingdom’s exports by hosting a diverse and extensive range of industries, SEZ added.
The new zones draw on Saudi Arabia’s strategic location at the heart of global trade, creating hubs for businesses across key growth sectors to launch and scale the companies and technologies that will shape the future.
