Crown Prince and Prime Minister Mohammed bin Salman has opened four Special Economic Zones (SEZ) in Saudi Arabia to attract investors, reports »Saudi Press Agency“.
“Saudi Arabia is open to trade and welcomes investors from all over the world to see for themselves the opportunities we offer. The new special economic zones launched today will have a significant impact on doing business in the country, creating tens of thousands of jobs and bringing in billions of riyals,” he said.
It was noted that in four special zones located near Riyadh, in Jizan, the port city of Ras al-Khair and the economic city of King Abdullah in Jeddah, foreigners will have 100% control and competitive guarantee over companies. corporate tax rates and exemption from customs duties on imports.
In addition, foreign companies will be provided with resources for production and raw materials.
Previously in the special economic zone “Technopolis Moscow” to start Evm Pro electric truck production.