KSA to set up first special economic zone in Riyadh

A royal decree has been issued to approve the regulation of the “Integrated Logistics Bonded Zone (ILBZ)”. (Shutterstock)
Updated 22 October 2018
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KSA to set up first special economic zone in Riyadh

  • A royal decree has been issued to approve the regulation of the “Integrated Logistics Bonded Zone (ILBZ)”

JEDDAH: Saudi Arabia announced the establishment of a special economic zone (SEZ) on Sunday, the Saudi Press Agency reported. The zone, the first of its kind in the world, will be developed in Riyadh.
It will focus on integrated logistics and will enjoy special rules and regulations aiming at attracting more multinational companies to the Kingdom.
A royal decree has been issued to approve the regulation of the “Integrated Logistics Bonded Zone (ILBZ)” and has assigned its establishment and operation to the General Authority for Civil Aviation as the zone governing body. ILBZ is a major step in translating Vision 2030 into action by leveraging Saudi Arabia’s strategic location as the hub connecting three continents, one of three core pillars of the Kingdom’s Vision 2030 announced in 2016.


Saudi Arabia renovates Al-Jouf General Hospital in Yemen

Updated 2 min 42 sec ago
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Saudi Arabia renovates Al-Jouf General Hospital in Yemen

JEDDAH: The Saudi Program for the Development and Reconstruction of Yemen on Wednesday inaugurated a project to renovate and equip Al-Jouf General Hospital.
The project has installed seven clinics, emergency and hypnotherapy sections, and provided medical equipment to serve 12 departments. The hospital can now receive 18,000 people per month.
Mohammed bin Saeed Al-Jaber, Saudi ambassador to Yemen, said the Kingdom is actively supporting Yemen through development projects, providing more than $13 billion to that end.
Al-Jouf Gov. Amin Ali Al-Okimi praised Saudi Arabia’s support for the hospital, which he said is the only government institution serving the governorate’s people. The hospital treated more than 109,000 people last year, he added.
In the past two months, the Saudi Program for the Development and Reconstruction of Yemen announced major medical projects in various governorates.
They include the opening of Siyoun Hospital in Hadramout, the renovation of Al-Ghaydah Hospital in Al-Mahrah, and the completion of the King Salman Educational and Medical City in Al-Mahrah.
King Salman has ordered the planning and establishment of centers to treat chronic diseases in all Yemeni governorates.
In the 1980s and 1990s, Saudi Arabia established hospitals in the Yemeni governorates of Hajjah and Saada, which have been receiving $10 million annually since their establishment.
In 2013, Saudi Arabia began constructing the King Abdullah Medical Center in Sanaa, which was suspended due to the coup by the Iran-backed Houthi militia in 2014.