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Cambodia

New draft law on SEZs finalised

The Council for the Development of Cambodia recently finalised a new draft law on special economic zones (SEZs), aiming to attract investment into the country by providing incentives, enhancing transparency, and promoting fair competition. Read more.

Mongolia

Mongolia’s Tsagaannuur Free Zone to Officially Open, Boosting International Trade

Mongolia’s Tsagaannuur Free Zone, established as a permanent economic zone by a decree from the Mongolian government in 2022, is set to celebrate its official opening on June 5. This significant milestone marks a new chapter in promoting international trade and economic development in the region. Read more.

Oman

Opaz highlights advantages of its special economic, free zones and industrial cities

The Public Authority for Special Economic Zones and Free Zones (Opaz), represented by the investment development sector, organised a workshop highlighting the existing investments in different sectors and the competitive advantages of the special economic zones, free zones, and industrial cities that are affiliated with Opaz. The workshop attracted a group of commercial affairs employees in the zones. Read more.

Saudi Arabia

Saudi Arabia to give tax reduction, VAT exemption in special economic zones

Minister of Finance Mohammed Al-Jadaan announced that Saudi Arabia will provide a permanent value-added tax (VAT) exemption on transactions between entities within special economic zones (SEZs) or between various special economic zones. There will also be a tax discount for a period of 20 years within SEZs. Read more.

Saudi Arabia

Saudi Arabia issues licenses to four new Special Economic Zones

Saudi Arabia has officially issued licenses to four new Special Economic Zones on Monday. The new economic zones are located in Riyadh, Jazan, Ras Al-Khair and King Abdullah Economic City, north of Jeddah. Minister of Investment Khalid Al-Falih, chairman of Economic Cities and Special Zones Authority (ECZA), handed the licenses in Saudi Special Zones Investment Forum in Riyadh along with other ministers. Read more.

Vietnam

Invest in major Bavet SEZ: governor

Svay Rieng provincial governor Men Vibol on May 27 extended an open invitation to potential investors from Quzhou city, Zhejiang province, China to participate in the growth story of Tai Seng Bavet Special Economic Zone, located in the southeastern town of Bavet on the border with Vietnam’s Long An and Tay Ninh provinces. Read more.

Beijing remains preferred destination for foreign capital

As a leading hub of scientific and technological innovation, Beijing will continue to be an appealing destination for foreign investment, actively attracting sci-tech innovation projects and talents and continuously striving to enhance its business environment. Read more.

Free trade zones in Nigeria: legal framework, incentives and opportunities for investment

A Free trade zone (FTZ) is a distinct economic zone in the country that confers special privileges in relation to trade and business policy for companies carrying on business within that zone, especially in the area of taxes. Read more.

A new company headquarters with plenty of space for additional growth and modern working environments

MIC is building a new company headquarters in Linz with almost 10,000 square metres of office space spanning a total of five floors. Read more.

Ras Al Khaimah Economic Zone is home to over 18,000 companies from 100 countries: CEO

Ramy Jallad, CEO of Ras Al Khaimah Economic Zone (RAKEZ), revealed that RAKEZ is home to over 18,000 companies from 100 countries, representing a diverse range of more than 50 industries from SMEs to large manufacturers, and thriving in supportive and dynamic business environment. Read more.