Saudi Arabia to open economic zones as part of National Investment Strategy, says Al Falih

Al Falih pointed out the importance of digital transformation, logistic zones

  
Investment Minister, Khalid Abdulaziz Al Falih, speaks during the fourth annual Future Investment Initiative in Riyadh, Saudi Arabia, January 27, 2021.

Investment Minister, Khalid Abdulaziz Al Falih, speaks during the fourth annual Future Investment Initiative in Riyadh, Saudi Arabia, January 27, 2021.

REUTERS/Ahmed Yosri
RIYADH: Saudi Arabia's National Investment Strategy will include 40 initiatives, including the opening of economic zones, Minister of Investment Khalid Al Falih revealed.

The Kingdom will see the opening of the economic zones soon, Al Falih said during an interview with Al Arabiya, without providing a time frame.

“We want Saudi Arabia to be able to provide international supply chains and the opportunity is currently available, and we also aim that the Kingdom becomes an essential supplier of vital commodities to the world,” he explained.

Al Falih pointed out the importance of digital transformation, logistic zones, developing the tourism sector, and developing industry, as well as creating special economic zones for traditional sectors, as an essential element for investment in the Kingdom.

The Kingdom aims to be the headquarters for exporting the products of international companies, he said.

Copyright: Arab News © 2021 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

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