Categories: Economy

Saudi Arabia opens four special economic zones

According to news from Saudi Arabia’s official news agency SPA, Saudi Crown Prince Mohammed Bin Salman announced that “four special economic zones” have been opened in Riyadh, Jazan, Ras al-Hayr and King Abdullah Economic City. in Jeddah as strategic regions of the country. .

Bin Salman noted that the special economic zones will create investor-focused integrated logistics and industrial platforms to provide an exceptional investment experience and consolidate its position as Saudi Arabia’s gateway to the Middle East and Africa and a link between markets in the Middle East. and the West.

Organized by the Saudi Arabian Special Economic Cities and Regions Authority, these special economic zones are intended to represent the first phase of a long-term program, in addition to attracting international companies, encouraging foreign direct investment. (AA)

Source: Sozcu

Andrew

Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.