Subjecting the free and logistics zones to new controls on re-export activity
The Development Authority introduced The provisions of the new regulation, where the authority will undertake the tasks of fully supervising implementation, following up on compliance with controls, and managing data to ensure clarity of procedures and speed of information flow.
The authority works under the regulation to periodically monitor the performance of the sector and develop the necessary initiatives to raise its operational efficiency, with a focus on overcoming obstacles and resolving the challenges facing investors in direct coordination with the relevant government agencies.
Specific action points
The draft specified precise scopes of work that include re-exporting goods from special economic and logistics zones, The new regulation ensures that re-export practices in the Kingdom are compatible with international obligations and applicable agreements, giving redirected Saudi exports high legal and commercial credibility in global ports. Accelerating economic changes.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
