About Ras Al-Khair Special Economic Zone (SEZ)
What is Ras Al-Khair Special Economic Zone (SEZ)? Who manages it?
Ras Al-Khair SEZ is a special economic zone focused on maritime industries and offshore cluster areas, offering significant financial, operational, and strategic benefits for investors. It is managed by the Royal Commission of Jubail and Yanbu, aiming to be the "Shipyard and Offshore Cluster of the Future".
What is the Kingdom’s Vision 2030 program?
Vision 2030 is Saudi Arabia’s ambitious set of goals and strategies developed for long-term economic success. The vision is built around three primary themes: a vibrant society, a thriving economy, and an ambitious nation.
The full plan can be viewed on Vision 2030 Website
What is Ras Al-Khair SEZ’s goal?
Ras Al-Khair SEZ responds to multiple third tier objectives as part of Vision 2030, aiming to create a thriving economy. Vision 2030 seeks to grow the contribution of the private sector, diversify the Economy, and localize promising manufacturing industries.
What makes Ras Al-Khair SEZ unique compared to other SEZs in Saudi Arabia?
Ras Al-Khair SEZ stands out due to its strategic location on the Arabian Gulf, providing easy access to international trade routes and a comprehensive utility infrastructure with competitive pricing. Most significant is Ras Al-Khair SEZ’s focus on production for international maritime industries, and offshore cluster feedstock.
About doing business in Ras Al-Khair SEZ
Why should I invest in Ras Al-Khair SEZ?
Ras Al-Khair SEZ offers a supportive business environment with unique financial incentives and flexible regulations. Additional investment advantages include a young, skilled workforce, competitive utility costs, the city’s richness of mining and metal-based activities, and easy access to global markets through the Arabian Gulf, Ras Al-Khair Port, and KSA roads and railway system.
How can I set up my business in Ras Al-Khair SEZ?
Businesses can set up in Ras Al-Khair SEZ by taking advantage of the streamlined licensing process through the Special Economic Zone's one-stop shop (OSS). This simplifies interactions with different entities and provides comprehensive support services.
Do I need a license to set up my business? How to get a licence to set up my business?
Yes, obtaining a license is necessary for setting up a business in Ras Al-Khair SEZ. The zone offers a simplified licensing process through its OSS, ensuring an efficient setup.
What sectors does Ras Al-Khair SEZ focus on?
Ras Al-Khair SEZ is focused on maritime industries, including shipbuilding, offshore rigs manufacturing, maintenance & repair (MRO), and maritime supply chain industries.
About the incentives Ras Al-Khair SEZ offers
What financial incentives does Ras Al-Khair SEZ offer?
Ras Al-Khair SEZ provides unique financial incentives, including a 5% corporate income tax for up to 20 years; 0% customs duties deferral for goods inside the SEZ; 0% VAT for intra-SEZ goods exchanged within the zone and between zones; 0% withholding tax permanently for repatriation of profits from SEZ into foreign countries; flexible and supportive regulations around foreign talent during first 5 years; and Expat levy ensuring fees exemption for employees and their families in the zone.
What operational incentives does Ras Al-Khair SEZ offer?
Ras Al-Khair SEZ offers a simplified licensing process, supportive regulations for foreign talent, and exemption from expat levy. In addition, there is competitive pricing for land and utilities such as water, electricity, and gas, which provide cost advantages for businesses along with Ras Al-Khair dedication for mining industries.
How does Ras Al-Khair SEZ ensure a supportive business environment for investors?
Ras Al-Khair SEZ ensures a supportive business environment through close collaboration with Saudi Arabia’s Economic Cities and Special Zones Authority (ECZA) and associated governmental agencies, providing a best-in-class investment experience, and streamlined business operations.
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