Saudi Shoura Council approves economic cities and special zones authority

Saudi Shoura Council approves economic cities and special zones authority
Shoura Council President Dr. Abdullah Al-Asheikh chairs a virtual session. The council discussed several important issues on Monday. (SPA)
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Updated 30 June 2020

Saudi Shoura Council approves economic cities and special zones authority

Saudi Shoura Council approves economic cities and special zones authority
  • Members then voted to accept the committee’s recommendation to progress with the process of privatizing the authority

The Saudi Shoura Council has given the go-ahead for a project to reorganize the system of cooperative societies in the Kingdom.
During a virtual session headed by the council’s president, Dr. Abdullah Al-Asheikh, delegates also listened to a presentation by the culture, information, tourism, and antiques committee chairman, Dr. Mohammed Al-Hizan, on the annual report of the authority responsible for radio and television.
Members then voted to accept the committee’s recommendation to progress with the process of privatizing the authority.
Dr. Yahya Al-Samaan said the council also gave the green light for the Economic Cities and Special Zones Authority to develop a system of regulatory and financial legislation while putting forward more incentives and initiatives to enhance the competitiveness of cities and special economic areas to attract quality industries and global investors.