LICENCES have been issued to four new Saudi special economic zones, which include major port and shipyard developments, at an investment forum in Riyadh this week, reports the UK's Seatrade Maritime News.
'During the forum, four licences were granted to the special economic zones (SEZs) in the King Abdullah Economic City, Ras Al-Khair, Jazan, and the Cloud Computing Special Economic Zone,' said the state-run Saudi Press Agency.
The Economic Cities and Special Zones Authority (ECZA), which announced the four new business friendly enclaves in April, intends to drive economic and employment growth in the kingdom, and has put maritime development at the centre of its initiatives.
King Abdullah Economic City is home to King Abdullah Port (KAP), which today has an annual throughput of around three million TEU ?and is likely to have a final capacity of 25 million TEU on completion of its twin-basin design.
Ras Al-Khair is the home port of International Maritime Industries, the Saudi shipbuilding and repair concern which is expected to launch full operations later this year. Jazan is the site of where Hong Kong's hutchison Ports'latest venture in the kingdom.
Hutchison's Middle East, southeast Asia regional manager Andy Tsoi announced the launch of Jazan City for Primary and Downstream Industries (JCPDI) Port in 2021.
'Our network in the Middle East, southeast Asia, China and Europe is one of a kind which will complement the already strong Saudi Arabian-international trade. Our focus will be on job creation, technological innovation, knowledge transfer, and strong commitment to sustainability,' he said.
SeaNews Turkey
'During the forum, four licences were granted to the special economic zones (SEZs) in the King Abdullah Economic City, Ras Al-Khair, Jazan, and the Cloud Computing Special Economic Zone,' said the state-run Saudi Press Agency.
The Economic Cities and Special Zones Authority (ECZA), which announced the four new business friendly enclaves in April, intends to drive economic and employment growth in the kingdom, and has put maritime development at the centre of its initiatives.
King Abdullah Economic City is home to King Abdullah Port (KAP), which today has an annual throughput of around three million TEU ?and is likely to have a final capacity of 25 million TEU on completion of its twin-basin design.
Ras Al-Khair is the home port of International Maritime Industries, the Saudi shipbuilding and repair concern which is expected to launch full operations later this year. Jazan is the site of where Hong Kong's hutchison Ports'latest venture in the kingdom.
Hutchison's Middle East, southeast Asia regional manager Andy Tsoi announced the launch of Jazan City for Primary and Downstream Industries (JCPDI) Port in 2021.
'Our network in the Middle East, southeast Asia, China and Europe is one of a kind which will complement the already strong Saudi Arabian-international trade. Our focus will be on job creation, technological innovation, knowledge transfer, and strong commitment to sustainability,' he said.
SeaNews Turkey
