Driven by Vision 2030, the economy in Saudi Arabia has
rapidly transformed in recent years with a focus on diversification
and attracting foreign investment.
Part of this transformation includes the establishment
of Special Economic Zones (SEZs), an initiative designed to offer
unique incentives, infrastructure and regulatory frameworks for
investors looking to set up operations in KSA.
If you're looking at expanding your business into
Saudi Arabia, here is everything you need to know about the special
economic zones.
What are Special Economic Zones?
Taking inspiration from other jurisdictions who paved the way
with SEZs (the first was established in Ireland in 1959), Saudi
Arabia announced the launch of four new Special Economic Zones in
April 2023, bringing the total number of SEZs in KSA to five. In
line with the global definition, Saudi SEZs are designated
geographical areas that are designed to generate positive economic
growth through more favorable
