News Saudi Arabia Jizan: Saudi Aramco hit again as attacker remains unknown
Saudi Aramco’s Jizan oil facilities were hit in a fresh attack, with damage being assessed as renewed Houthi attacks and shipping risks put pressure on oil markets.
News Saudi Arabia Jizan: Jazan Special Economic Zone: Saudi Arabia's Strategic Gateway to Global Markets
Jizan, May 01, 2025, SPA -- The Kingdom of Saudi Arabia is one of the world's largest and most influential economic powers, driven by its robust economic assets and unique investment opportunities. Ranked 16th globally and first in the Middle East and North Africa, the Kingdom is distinguished by its diverse natural resources and its strategic location at the crossroads of key trade routes connecting three continents. Jazan Special Economic Zone is one of the Kingdom's first economic zones, positioned as its southern gateway to global markets. Its strategic location, through which over 13% of global trade flows, plays a crucial role in boosting economic growth. Designed to support the objectives of Saudi Arabia's Vision 2030, the zone aims to foster economic development and create new job opportunities. The economic zone offers a range of attractive incentives, including a reduced 5% income tax rate for foreign companies (fixed for 20 years with the possibility of extension), tax-free transfer of capital and profits, exemption from import and export duties, a 0% value-added tax, and no tax deduction on capital and profit transfers. Additionally, it provides long-term land leases of up to 50 years and exemption from financial compensation requirements for employees and their dependents. The industrial sector in Jazan Region is experiencing significant growth and transformation, driven by the unwavering support of the wise Saudi leadership, who has prioritized the development of this sector. This progress is facilitated by the provision of essential infrastructure, industrial cities, and logistics services, all aimed at strengthening the sector's competitive advantage. -- SPA 14:15 Local Time 11:15 GMT 0035
News Saudi Arabia Jizan: Saudi Arabia assesses damage after fresh strike on Aramco's Jizan oil facilities
The Jizan complex is home to a 400,000-barrel-per-day refinery, one of Saudi Arabia's largest, as well as associated processing plants and energy infrastructure ...
News Saudi Arabia Jizan: Critical Thinking and Philosophy to Be Included in 2019 Saudi Schools' Curriculum
The next steps would be introducing school subjects on the law and financial literacy ... and promote a spirit of creativeness. Saudi Arabia has pledged to raise its literacy rate from 94.4 ...
News Saudi Arabia Jizan: Will 2022 bring COVID-19 herd immunity or more lockdowns and travel bans?
As a result, the commercial aviation sector has taken another financial hit, with more than 8,000 flights ... a virologist and assistant professor at Saudi Arabia’s Jazan University College of Applied ...
News Saudi Arabia Jizan: Drone attacks in UAE underline widening Yemen conflict
Earlier, the attacks were largely confined to maritime domain and civilian infrastructure in Saudi Arabia, mostly in the bordering areas in Najran and Jizan, but occasionally also in far-off ...
