Why Saudi’s free zone move will add to the allure of the kingdom AS FEATURED ON Arabian Business – March 18, 2021
Foreign companies may have a greater appetite for a Saudi free zone company as it will provide maximum control of the business and mitigate risk.
The introduction of Saudi Arabia’s first Special Economic Zone, Integrated Logistics Bonded Zone (ILBZ) located near the international airport in Riyadh will certainly attract more foreign investment and incentivise companies to consider locating to KSA.
Recently, KSA announced a series of economic reforms and plans to attract companies to not only establish a presence, but to possibly move their headquarters also. With giga-projects designed to entice investment, along several updates for new business, visas and employment there are plenty of opportunities for foreign and private companies in the kingdom.