New investments announced for the SEZs at the Saudi Special Economic Zones Investment Forum in Riyadh, hosted by the Economic Cities and Special Zones Authority

New Saudi Special Economic Zones licensed at investment forum in Riyadh: over US$12 billion in early investments secured

zonas-economicas-especiales-arabia-saudi

Saudi Arabia鈥檚 new Special Economic Zones, launched last month by the Crown Prince, His Royal Highness Prince Mohammed bin Salman, have attracted US$12.6 billion from investors across maritime, mining, manufuacturing and logistics, and tech, creating new value chains in the Kingdom. An additional US$31 billion in investments are in progress.

The announcement was made at an investment forum at the Ritz-Carlton in Riyadh, where four Special Economic Zones (SEZs) licenses were awarded to the King Abdullah Economic City鈥 (KAEC) SEZ, 鈥楻as Al-Khair鈥 SEZ , 鈥楯azan鈥 SEZ, and 鈥楥loud Computing鈥 SEZ, and early invetsments were also announced.

The event was hosted by the Economic Cities and Special Zones Authority (ECZA), in partnership with the Saudi Program for Attracting Regional Headquarters of International Companies, and follows the official launch of the zones last month by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs.

His Excellency Eng.鈥Khalid Al-Falih, Minister of Investment and Chairman of ECZA Board, said: 鈥淥ur Special Economic Zones are part of a comprehensive approach, building on previous initiatives to strengthen Saudi Arabia鈥檚 standing as a premier global investment hub and provide businesses across multiple sectors and industries with a launchpad to drive their international growth.鈥 

zonas-economicas-especiales-arabia-saudi-H.E Khalid Al-Falih
H.E Khalid al-Falih

Mr. Nabil Khojah, Secretary General of ECZA, added: 鈥淭he four Special Economic Zones are brand new, but have already attracted billions of Saudi riyals in investment, with more to come. This is an exciting moment for the Kingdom and for all of us at ECZA, as we unveil new opportunities for global investors to capitalize on Saudi Arabia鈥檚 position as an economic powerhouse at the heart of global trade routes.鈥  .  

Nabil Khojah
Nabil Khojah

The Forum鈥檚 themes focused on the Kingdom鈥檚 strengths as a global investment destination: its favorable and competitive regulatory environment, strategic geographical position as a logistics and supply chain hub, and its hyper-connected digital infrastructure capable of supporting a global ICT and cloud computing ecosystem. The Forum also provided updates on the latest developments on the Regional Headquarters Program.

The new zones 鈥 鈥楰ing Abdullah Economic City鈥 (KAEC) SEZ, 鈥楻as Al-Khair鈥 SEZ , 鈥楯azan鈥 SEZ, and 鈥楥loud Computing鈥 SEZ 鈥 are strategically located across the Kingdom. Together, they represent the initial phase of a significant long-term program of special economic zones. They complement the Riyadh Integrated Special Logistics Zone (RISLZ), which was launched in 2022.

The Saudi SEZs include competitive corporate tax rates, exemption from customs duties on imports, production inputs, machinery & raw materials, 100% foreign ownership of companies, and the flexibility to attract and hire the best talent worldwide.  

The Regional Headquarters Program was established in 2020 to invite global companies' regional headquarters to relocate to Saudi Arabia. It is a joint initiative between the Ministry of Investment (MISA) and the Royal Commission for Riyadh City (RCRC). 

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