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BUSINESS ENVIRONMENT,
RESTRUCTURE OUR ECONOMIC
CITIES, CREATE SPECIAL ZONES AND
DEREGULATE THE ENERGY MARKET
TO MAKE IT MORE COMPETITIVE
ESTABLISHING
SPECIAL
ZONES
INCREASING THE
COMPETITIVENESS OF OUR
ENERGY SECTOR
We will create special zones in exceptional and
competitive locations. We shall take into account the
comparative advantages of the Kingdom’s different
regions, assess their feasibility for promising sectors,
and then establish special zones, such as logistic,
tourist, industrial and financial ones. Special commercial
regulations to boost investment possibilities and
diversify government revenues will be applied to these
zones.
We plan to raise the efficiency of the government’s support
system and make the best use of its benefits by redirecting it
and targeting eligible citizens and economic sectors. For
example, we understand that providing subsidies with no
clear eligibility criteria is a substantial obstacle to the energy
sector’s competitiveness. Free market prices shall, in the long
term, stimulate productivity and competitiveness among
utility companies and open the door to investment and
diversification of the energy mix in the Kingdom. We will also
seek to set clear subsidy criteria based on the maturity of
economic sectors, their ability to compete locally and
internationally and their actual need for subsidies, without
endangering promising and strategic sectors.
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