Saudi Crown Prince Launches Four New Special Economic Zones to Attract Foreign Investors

On 13 April 2023, Saudi Crown Prince Mohammad bin Salman bin Abdulaziz launched four new Special Economic Zones located in Riyadh, Jazan, Ras al-Khair, and King Abdullah Economic City. Meant to strengthen Saudi Arabia's position as a global investment destination, the Special Economic Zones (SEZs) will support existing national strategies and create new linkages with international frameworks, building on the competitive advantages of each region to support key sectors including logistics, ad…