Key Points
- Saudi Arabia introduced four new Special Economic Zones on 13 April 2023
Overview
The government of Saudi Arabia introduced four new Special Economic Zones (SEZs). Saudi Arabia’s SEZs are geographically defined areas that facilitate specific economic activities, such as investment, trade and employment, by providing competitive advantages and legislative frameworks that differ from the base economy.
The government intends to also introduce a new service platform that will simplify the business license process for employers.
What are the Changes?
The government of Saudi Arabia introduced four new SEZs on 13 April 2023. The government introduced these zones with the intention of attracting further opportunities for employers in fast-growing sectors.
Looking Ahead
Continue to check the government of Saudi Arabia’s website and Envoy’s website for the latest updates and information.
Content in this publication is for informational purposes only and not intended as legal advice, nor should it be relied on as such. For additional information on the issues discussed, consult an attorney at one of the two U.S. Law Firms working with the Envoy Platform or another qualified professional. On non-U.S. immigration issues, consult an Envoy global immigration service provider or another qualified representative.
