As a part of its Vision 2030 plan aimed at reducing reliance on oil revenue and diversifying the economy, Saudi Arabia has unveiled plans to establish four new Special Economic Zones (SEZs). These zones are expected to be pivotal in driving economic growth by drawing in foreign investments, fostering innovation, and generating employment opportunities within the kingdom. In this article, we will delve into the specifics of these zones and their commercial advantages.
Source Grant Thornton
Latest Posts in "Saudi Arabia"
- Saudi Arabia Introduces VAT Refund Program for Tourists and GCC Nationals to Boost Tourism
- Briefing document: Saudi Arabia FATOORAH E-invoicing Compliance
- Saudi Arabia Launches VAT Refund Service for Tourists to Boost Economic Diversification and Tourism
- Saudi Arabia’s ZATCA Phase 23 E-Invoicing: Key Compliance Steps for 2025 Roll-Out
- Saudi Arabia Introduces VAT Refund Program to Boost Tourism and Shopping Experience