Knowledge Economic City
Knowledge Economic City is a Technology Park located in Medina, Saudi Arabia, established in 2006, with Knowledge Economic City Company, operating under the supervision of the Saudi Arabian Ministry of Investment and local Medina authorities. listed as its governing authority.
Key Facts
| Type | Technology Park |
|---|---|
| Location | Medina, Saudi Arabia |
| Year Established | 2006 |
| Area | 20 hectares |
| Companies | 80 |
| Governing Authority | Knowledge Economic City Company, operating under the supervision of the Saudi Arabian Ministry of Investment and local Medina authorities. |
| Status | operational |
Recorded Benefits and Incentives
The zone permits 100% repatriation of capital and profits, and 100% foreign ownership. It offers economical freight charges, no restrictions on automobile imports, and availability of a skilled workforce. Key tax benefits include no corporate or personal income tax for 50 years, and no import or export duties. Hassle-free clearance from police, customs, and banks is also provided.
Verify eligibility and current terms with the zone authority.
Recorded Sector Focus
Knowledge Economic City is listed with a sector focus including Education, Technology, and Services.
About Knowledge Economic City
Knowledge Economic City is a specialized economic zone in Medina aimed at fostering innovation, education, and technology-driven industries. It supports the Kingdom's strategic focus on knowledge-based economic growth.
Frequently Asked Questions
What type of zone is Knowledge Economic City?
Knowledge Economic City is a Technology Park.
Where is Knowledge Economic City located?
Knowledge Economic City is located in Medina, Saudi Arabia.
When was Knowledge Economic City established?
Knowledge Economic City was established in 2006.
Which governing authority is listed for Knowledge Economic City?
SEZ Explorer records Knowledge Economic City Company, operating under the supervision of the Saudi Arabian Ministry of Investment and local Medina authorities. as the governing authority for Knowledge Economic City. Confirm its current jurisdiction and remit with the authority.
Which sectors are listed for Knowledge Economic City?
Knowledge Economic City is listed with a sector focus including Education, Technology, and Services.
Which benefits and incentives are recorded for Knowledge Economic City?
SEZ Explorer's current record lists: The zone permits 100% repatriation of capital and profits, and 100% foreign ownership. It offers economical freight charges, no restrictions on automobile imports, and availability of a skilled workforce. Key tax benefits include no corporate or personal income tax for 50 years, and no import or export duties. Hassle-free clearance from police, customs, and banks is also provided. Verify eligibility and current terms with the zone authority.