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FINANCIAL NEWS
Saudi Arabia aims new free economic zones
13 Jun 2017
(MENAFN) Currently, a government committee is studying an offer to close down Al-Jowharah Stadium and King Faisal Specialist Hospital in order to open a free economic zone.
Furthermore, a feasibility study confirms that the free economic zone will reward for the expense of both properties, SR3.7bn in record time.
Accordingly, the General Authority for Civil Aviation has already planned to build a free economic zone in the airports of Jeddah and Riyadh as part of its plan to spread the kingdom’s economy.
Meanwhile, the Council of Economic and Developmental Affairs and the Public Investment Fund are working on the free economic zone plan under the National Transformation Program 2020.
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MENAFN1306201700450000ID1095555481
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