CLOUD COMPUTING SPECIAL ECONOMIC ZONE
Cloud Computing Special Economic Zone is one of the announced Saudi Arabia Special Economic Zones for company setup. Powered by the National Strategy for Digital Transformation and the ICT Sector Strategy, Cloud SEZ aims to promote and assist the development of digital technologies in the Kingdom. With assistance from the Cloud Computing SEZ, this growth includes a target for $13 billion in investments (FDI and domestic direct investment) across the data and AI sectors by 2030.
Cloud SEZ facilitate investors to set up their data centers and cloud computing infrastructure inside the Kingdom. Join an ecosystem that is ready to boost the digital economy to draw top cloud computing enterprises.
Access exclusive incentives for companies establishing in the Cloud Computing SEZ:
- Special tax treatment in accordance with OECD principles that avoids double taxation.
- Expat levy assuring fee exemption for employees and their families in the zone.
- Affordably priced network connectivity and electricity.
- The ability to deliver cloud computing services from the zone, with the ability to establish and run data centers from all around the kingdom, at a competitive rate of 0.05 USD/kWh.
- Cloud Computing Services.
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- Innovation Tower at King Abdulaziz City for Science and Technology (KACST), Headquarters in Riyadh
