SAGIA’s mission is to achieve rapid economic growth in the Saudi Arabian economy by creating a pro-business environment, providing comprehensive services to investors and fostering investment opportunities in key sectors of the economy. In pursuit of this mission, SAGIA has recently announced the launch of 4 Greenfield, privately developed economic cities across the nation.

Through the Economic Cities initiative, SAGIA aspires to rapidly develop vibrant, prosperous cities with an unparalleled business-friendly environment that leverages Saudi Arabia’s core economic advantages: abundance of low cost energy and its strategic location.

To ensure the prosperity of these Economic Cities, SAGIA will dedicate significant effort and resources to the management of 4 key strategic priorities. Together, these strategic priorities will complement one another to ensure that the economic cities achieve rapid and sustainable growth:
 

Offering a business friendly environment: through the Economic Cities, SAGIA will provide a best-in-class regulatory environment that offers attractive investment regulations and incentives, unmatched regulatory performance and efficiency, and sustainable competitiveness to investors.

Offering world-class infrastructure: the Economic Cities’ “greenfield” status makes them a unique platform for driving economic growth. Accordingly, SAGIA will work with the developers to ensure timely development of state-of-the-art, custom-designed infrastructure facilities that offer unparalleled business services and efficient access to the local, regional, and global markets.

Development based on global competitiveness: the core driver of job creation and economic growth in the economic cities will be the development of globally competitive and well integrated business clusters. Accordingly, SAGIA, in coordination with the developers, will aim to leverage the country’s massive, untapped potential in energy-intensive industries, such as aluminum and petrochemicals, all the way from upstream inputs to downstream end-products and services.

Development of cities, not zones: the aim for the economic cities is to rapidly grow beyond “free zone” or “industrial park” status into vibrant and prosperous cities. SAGIA and the developers will therefore aim to offer an attractive lifestyle for professionals and families, and a compelling value proposition for a diverse set of business activities that can carry the economic cities beyond their core

The Kingdom of Saudi Arabia has now embarked on an ambitious and visionary journey to empower its people and make its land prosperous and successful in the international arena; and through the Economic Cities initiative, it has drawn up a clear and actionable development plan, and a compelling path to success.
http://www.sagia.gov.sa/en/business-opportunities/economic-cities/economic-cities-strategy.html