Saudi Arabia’s Ras Al-Khair Special Economic Zone (SEZ) has welcomed both domestic and international companies seeking to capitalise on the Kingdom’s marine infrastructure.
The Ras Al-Khair SEZ, managed by the Royal Commission for Jubail and Yanbu, reportedly provides opportunities for businesses to drive the growth of the Kingdom’s Maritime and Offshore Cluster industries.
Ras Al-Khair SEZ, located next to the Kingdom’s newest industrial port, aims to accelerate innovation in the marine industry through state-of-the-art shipbuilding.
Ahmed M. Hassan, CEO of Ras Al-Khair City for Mining Industries, said: “Ras Al-Khair SEZ is transforming into a key global hub for strategic investments with its rapid growth and unique position at the centre of the Arabian Gulf, raising its economic importance in the Kingdom and wider region, but also across the global maritime and Offshore Cluster industries.”
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With an initial area of 20 square kilometres, Ras Al-Khair SEZ is a rapidly expanding zone with two focus areas, the King Salman International Complex for Maritime Industries and Services, and the Offshore Cluster supply chain.
Ras Al-Khair SEZ reportedly offers investors a series of competitive incentives, beginning with its strategic location in Ras Al-Khair City for Mining Industries in the Eastern Province of Saudi Arabia.
The SEZ is located next to Ras Al-Khair Port, the Kingdom’s newest industrial port, at the heart of the Arabian Gulf. Approximately one-third of all seaborne-traded oil passes through the Arabian Gulf.
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Hassan added: “Local and foreign investors will not only gain access to the largest and most technically advanced shipyard and fully integrated Offshore Cluster in the Middle East and North Africa region but will also find the facilities, and materials they need to build the maritime capabilities of the future.
“Whether it is building new ships, developing innovative technology and materials, or maintaining, repairing, and overhauling existing vessels such as offshore support ships, jack-up rigs, or very large crude carriers, Ras Al-Khair SEZ offers a globally recognised marine ecosystem in which to facilitate that.”
