{"id":71150,"date":"2023-05-31T00:00:00","date_gmt":"2023-05-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/31\/new-saudi-sezs-attract-usd-12-6-bn-investments\/"},"modified":"2023-05-31T00:00:00","modified_gmt":"2023-05-31T00:00:00","slug":"new-saudi-sezs-attract-usd-12-6-bn-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/31\/new-saudi-sezs-attract-usd-12-6-bn-investments\/","title":{"rendered":"New Saudi SEZs attract USD 12.6 bn investments"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Saudi special economic zones lure USD 12.6 bn in investments: <\/span><span style=\"\">Saudi Arabia\u2019s new special <\/span><span style=\"\">economic zones (SEZs) \u2014 <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/e540db24-8869-41bc-b9e2-8ee43a809579\" style=\"\">launched last month<\/a><\/span><span style=\"\"> \u2014 have secured USD 12.6 bn in investments from maritime, mining, manufacturing, logistics, and tech players, a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/site.ecza.gov.sa\/en\/media-center\/news-press\/new-saudi-special-economic-zones-licensed-investment-forum-riyadh-over-us12\" style=\"\">statement<\/a><\/span><span style=\"\"> said, without disclosing the names of the companies<\/span><span style=\"font-weight:400;\">. An additional USD 31 bn in investments is in the pipeline, according to the statement. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The King Abdullah Economic City, Ras Al Khair, Jazan, and Cloud Computing zones were also issued licenses<\/span><span style=\"\">at the Saudi Special Economic Zones Investment Forum in Riyadh,<\/span><span style=\"font-weight:400;\"> the statement added.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About the SEZs: <\/span><span style=\"\">The four new SEZs are distributed strategically throughout Saudi Arabia, and offer competitive tax rates, exemptions from customs duties for imports, production, inputs, machinery, and raw materials, 100% foreign ownership, and flexibility in terms of hiring international talents. Despite being exempt from Saudization requirements, businesses in the SEZs are also offered incentives for hiring locals, KSA\u2019s Human Resources and Social Development Minister Ahmed Al-Rajhi said, according to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.arabnews.com\/node\/2312221\/business-economy\" style=\"\">Arab News<\/a><\/span><span style=\"\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some USD 31 bn more investments could be coming soon<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45],"tags":[827,17,44,31],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-71150","post","type-post","status-publish","format-standard","hentry","category-investment-watch","tag-economic-zone","tag-enterprise-logistics","tag-investment-watch","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"a9e4027a-726b-48f8-b329-c24c438dca4b","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1634.jpg,https:\/\/sez.ecza.gov.sa\/en\/","photo_position":"above","homepage_title":"","full_issue_title":"New Saudi SEZs attract USD 12.6 bn investments","related_issue":[71145],"teaser":"Some USD 31 bn more investments could be coming soon","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.6b232cc4-98e0-4c53-a035-32fb95161fc2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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