Key Points
- Saudi Arabia introduced four new Special Economic Zones on April 13, 2023
Overview
The government of Saudi Arabia introduced four new Special Economic Zones (SEZs). Saudi Arabia’s SEZs are geographically defined areas that facilitate specific economic activities, such as investment, trade, and employment, by providing competitive advantages and legislative frameworks that differ from the base economy.
The government also intends to introduce a new service platform that will simplify the business license process for employers.
What are the Changes?
The government of Saudi Arabia introduced four new SEZs on April 13, 2023. The government introduced these zones intending to attract further opportunities for employers in fast-growing sectors.
Looking Ahead
Continue to check the government of Saudi Arabia’s website for the latest updates and information.
Written by: Jessie Butchley, Global Immigration Writer, Envoy Global
Source: Economic Cities and Special Zones Authority, Saudia Arabia
