King Abdullah Economic City: The Economic Cities and Special Zones Authority (ECZA) welcomed a delegation from King Abdullah University of Science and Technology (KAUST) with the goal of strengthening and developing relations between both parties and exploring opportunities for cooperation. The visit included a tour of King Abdullah Port and a meeting with the Ports Development Company, the owner and developer of the port. The delegation, which was headed by KAUST’s Vice President of Government Affairs Mr. Sulaiman Al Thunayan, was welcomed by ECZA Vice Secretary-General of Economic Cities Affairs Mr. Mazen Alsaleh.
Commenting on the occasion, Mr. Alsaleh stated: “This visit helps us to review the cooperation opportunities between ECZA, KAUST and King Abdullah Port. The delegation learned about the services offered at the port, which is the first privately developed and operated port in the region, as well as its pioneering business model that is based on a Public-Private Partnership (PPP) between the government, represented by ECZA, and the private sector, represented by the Ports Development Company.”
Mr. Al Thunayan said: “Based on the principle of participation and constructive and fruitful interaction between government institutions and keeping pace with the ambitious Vision 2030, I was honored today to visit King Abdullah Port in King Abdullah Economic City, which is one of the leading ports in the world. The university aspires to strengthen cooperation with the port administration in providing a competitive environment that the logistical hubs support in the National Transformation Program, specifically the customs system in the strategically-located ports in the Kingdom.”
The visit follows the delegation’s earlier visit in late 2019, when they learned about ECZA’s role in developing strategic PPPs and both parties discussed ways of cooperation to achieve the common objectives agreed upon within Vision 2030.
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About the Economic Cities and Special Zones Authority
The Economic Cities and Special Zones Authority (ECZA) was established by Royal Decree in 2010 with the mandate to provide full administrative and financial supervision over the economic cities and special zones, including responsibility for regulating, supervising and providing various highly efficient, integrated single-window government services for investors and residents.
Moreover, ECZA contributes to the realization of Vision 2030 by developing initiatives and innovative business models that promote public-private partnerships and support strategic initiatives and efforts to attract quality investments designed to spur the economic cities and special zones and boost their value proposition.
ECZA’s vision is to make Saudi Arabia a globally attractive hub for high-value, long-term investments, based on the values of leadership, integrity, responsibility, partnership and customer-centricity. It is also committed to creating and nurturing attractive social environments that guarantee residents and workers in the economic cities and special zones a high standard of living.
The role of ECZA is integral as a guiding hand for the economic cities and special zones, and an attentive ear that listens to their needs and requirements to better enable them to achieve their objectives of diversifying the kingdom’s economy and creating quality jobs for young Saudi men and women.
© Press Release 2020
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