Riyadh: Saudi Arabia launched four new Special Economic Zones in the Kingdom, Crown Prince Mohammed bin Salman announced on Thursday.

The new Special Economic Zones which will be located in Riyadh, Jazan, Ras al-Khair and King Abdullah Economic City, will open up new opportunities for international investors will significantly impact how business is done in the country, the Saudi Press Agency reported.

According to the statement, the special economic zone will create tens of thousands of jobs, and contribute billions of riyals to the Kingdom’s GDP.

More to follow...