Knowledge Economic City
Knowledge Economic City is a Technology Park located in Medina, Saudi Arabia, established in 2006, regulated by the Knowledge Economic City Company, operating under the supervision of the Saudi Arabian Ministry of Investment and local Medina authorities..
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 | active |
Investment Incentives
100% repatriation of capital and profits, 100% foreign ownership, Economical Freight Charges, No restriction on the maximum number of import of automobiles, Availability of a skilled workforce, No corporate tax/personal income tax for 50 years, Hassle-free clearance from Police, Customs and Bank, No import/export duties
Sector Focus
Knowledge Economic City hosts businesses specialising in 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.
Who regulates Knowledge Economic City?
Knowledge Economic City is regulated by the Knowledge Economic City Company, operating under the supervision of the Saudi Arabian Ministry of Investment and local Medina authorities..
What sectors operate in Knowledge Economic City?
Knowledge Economic City hosts businesses in Education, Technology, and Services.
What are the investment incentives at Knowledge Economic City?
100% repatriation of capital and profits, 100% foreign ownership, Economical Freight Charges, No restriction on the maximum number of import of automobiles, Availability of a skilled workforce, No corporate tax/personal income tax for 50 years, Hassle-free clearance from Police, Customs and Bank, No import/export duties