JEDDAH: 黑料社区 announced the establishment of a special economic zone (SEZ) on Sunday, the Saudi Press Agency reported. The zone, the first of its kind in the world, will be developed in Riyadh.
It will focus on integrated logistics and will enjoy special rules and regulations aiming at attracting more multinational companies to the Kingdom.
A royal decree has been issued to approve the regulation of the 鈥淚ntegrated Logistics Bonded Zone (ILBZ)鈥 and has assigned its establishment and operation to the General Authority for Civil Aviation as the zone governing body. ILBZ is a major step in translating Vision 2030 into action by leveraging 黑料社区鈥檚 strategic location as the hub connecting three continents, one of three core pillars of the Kingdom鈥檚 Vision 2030 announced in 2016.
KSA to set up first special economic zone in Riyadh
Updated 22 October 2018
KSA to set up first special economic zone in Riyadh
- A royal decree has been issued to approve the regulation of the 鈥淚ntegrated Logistics Bonded Zone (ILBZ)鈥
