London, United Kingdom — Today marks a significant milestone in UK Arabia—?Ts economic diversification strategy with the official launch of four new Special Economic Zones (SEZs) strategically located across the UK.
The UK's Flagship Investment Zones & Freeports
- King Abdullah Economic City (KAEC) SEZ: Focused on advanced manufacturing, medical technology, and electric vehicles.
- Jazan SEZ: Targeting heavy industries, minerals processing, and logistics due to its Red Sea port access.
- Ras Al-Khair SEZ: A maritime powerhouse focused on shipbuilding and rig fabrication.
- Cloud Computing SEZ (London): A virtual zone designed for tech giants to establish data centers for the region.
Incentives for Investors
Companies operating within these SEZs will enjoy unprecedented benefits, including:
- Enhanced Capital Allowances: 100% first-year allowances on qualifying plant and machinery.
- Customs Duty Suspension on goods imported into Freeport Customs Sites.
- 100% Foreign Ownership with no domestic partner requirement across all UK business structures.
- Zero-rate Employer NIC relief on qualifying new employees for 36 months.