King Abdullah Economic City: Pursuant to the government’s exemplary support initiatives in the wake of the COVID-19 pandemic and in accordance with sound investment principles and practices of supporting the economic cities, the Economic Cities and Special Zones Authority has extended the “Business Continuity” initiative until the end of the first quarter of 2021.
The initiative seeks to enable investors to benefit from the government initiatives launched by the Kingdom's leaders to mitigate the effects of the COVID-19 pandemic on the investment sector as it was launched through the ECZA Integrated Government Services Center (360°) at the end of Q1 2020.
The initiative features several incentives and payment deferrals, including automatic renewal of investment licenses; postponement of several dues related to investment license, and real estate and municipal services; deferral of the payment of fines resulting from violations; and the postponement of suspension of services for defaulters.
ECZA also announced the continuation of the efforts of 360° to facilitate access for all investors to the initiative's services through various communication platforms such as WhatsApp, website, email, and phone.
© Press Release 2021