Economic zone launch

With plans to become a hub for technology and innovation, the new Ras al-Khair Special Economic Zone is projected to make significant contributions to the Saudi Arabian economy. The zone's major activities include shipbuilding, offshore rig fabrication and related activities such as maintenance, repair and operations. The zone and others like it contribute to the Kingdom's broader Vision 2030 by growing and diversifying the economy through import substitution, exports and innovation. A key aspect is positioning Saudi Arabia as a global maritime hub, leveraging its strategic location between three continents and the fact that 6 per cent of all global maritime trade passes Saudi ports.