Top 4 Major SEZ in GCC with Excellent Infrastructure to Boost Industrial GrowthPosted by salesiecart on November 25th, 2019 Special Economic Zones commonly abbreviated as SEZ are built with an aim to encourage economic activities. These areas attract businesses of all size and nature due to the multiple benefits they offer, e.g., tax breaks, world-class infrastructure, business-friendly environment, and at several times single window for all permissions and clearances. GCC in present time is an economic hotspot and home to several SEZ that encourages businesses to set up their base and start operation without any hassle. In this article, we will list 4 Major SEZ of GCC region that are best suited for businesses of all sizes:
ILBZ is widely popular in business fraternity who keep a track on developments in Middle East region. It is Kingdom’s first Special Economic Zone and since it is developed in close proximity to Riyadh airport, it offers abundance of location benefits. A royal decree was issued to fast track the development of this SEZ as it will play an important role in realization of the Vision 2030. The core focus of ILBZ will be integrated logistics and it will benefit industries that are related to logistics, storage, transportation, import and export.b2b marketing companies
This free trade zone that started its operations way back in 1999 is one of Kuwait’s largest and is known for liberal economic laws such as 100% ownership of companies by foreigners, corporate tax exemption, and no restrictions on foreign exchange reserves. Operated by the Kuwait Ports Authority, the KFTZ offers not just land for development but also modern offices and fully equipped warehouses that are essential for a plug and play environment. If you are looking to enter or expand into GCC region and if you are from import-export industry, service sector, or packaging, repackaging, and assembly industry, then KFTZ is an ideal destination that will meet all your requirements.
Large area of 560 million sq. ft., and 6 specialized zones, each catering to the specific requirements of following industries:
Dubai Industrial City is undoubtedly one of the largest manufacturing hub in Dubai and aims to attract small and medium enterprises. Since its inception in 2004 the DIC has successfully attracted investments from 700+ companies, many of whom have already started manufacturing, while others are setting up their manufacturing base in DIC. In addition to robust infrastructure within DIC, other benefits include close proximity to the Expo 2020 Dubai site, Jebel Ali Port, and Maktoum Airport.
RAKEZ as a governing authority took formal shape in 2017 but its history can be traced to 2000 when Ras Al Khaimah Free Trade Zone (RAK FTZ) was founded. RAKEZ is a result of the consolidation of Ras Al Khaimah Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA). RAKEZ’s efficiency and success lies in the fact that over 12,000 companies from 100+ nationalities, representing 50+ diverse business sectors has invested substantially in RAKEZ. This special economic zone offers 100% foreign ownership option, tax-free environment, complete freedom to hire from global labour market as well as source raw materials from international suppliers. The growing investor sentiment enabled RAKEZ to set up offices in Germany, Turkey, and India. In addition, it also set up promotional centres in Abu Dhabi and Dubai. Our View Industries cutting across sector can benefit from investing in SEZs in GCC. The nations that are part of GCC are some of the most developed nations and have safe business environment when compared to other nations in Middle East. So, if you are looking to set up a business easily and avail government sponsored benefits then look further, the SEZs in GCC are perfect for all your needs!. Website: https://www.industrialecart.com/ Like it? Share it! More by this author |