A strategy to develop the commercial activity of free zones

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5-6-2019

The Ministry of Economy, through its memorandum on the development of investment activity in the free zones, stated that it made a number of decisions encouraging industrial investment, with the aim of establishing industries that do not exist in the local market with high technology and technology, industries that integrate with national industries, As well as encouraging commercial investment and working to make the free zones regional storage and distribution centers for goods whether for the needs of the local market or the neighboring markets.

The Ministry of Economy explained that this strategy will contribute in the future to attract investments to free zones characterized by sustainability through the establishment of new industries that are not currently existing, and provide employment opportunities leading to the development of the national economy, and Encouraging industrial investment in the free zones will lead to an increase in revenues due to the provision of vacant spaces in the free zones that can constitute an incubator environment for such investments, which means that supporting the industries in the free zones.

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