Saudi Arabia: Cabinet Approves Regulatory Frameworks for Four Special Economic Zones

Saudi Arabia: Cabinet Approves Regulatory Frameworks for Four Special Economic Zones News developments

Saudi Arabia: Cabinet Approves Regulatory Frameworks for Four Special Economic Zones

The regulations include incentives like flexible licensing, tax and customs exemptions, streamlined operational procedures, foreign ownership rights, multilingual trade naming, and exemptions from select provisions of Saudi Arabia Cabinet Decision No. 678/1443 on the Approval of the Companies Law. Tailored Saudisation frameworks will align workforce policies to each zone’s economic activity, balancing local talent development with investor needs.

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Hannah Faye Gutang