ECZA ENSURES YOUR BUSINESS CONTINUITY’ INITIATIVE EXTENDED UNTIL END OF 2020

KAEC – :

As part of its continuing commitment to providing continual government empowerment and support for economic city investors, the Economic Cities and Special Zones Authority (ECZA) has announced the extension of the ‘ECZA Ensures Your Business Continuity’ initiative until the end of 2020. The initiative seeks to ensure business continuity and enable investors to benefit from the government initiatives launched by the Kingdom’s leaders to mitigate the effects of the COVID-19 pandemic on the investment sector.

Launched through the ECZA Integrated Government Services Center (360°) at the end of Q1 2020, the initiative features several incentives and payment holidays, including automatic renewal of investment licenses; postponement of several dues related to investment license, real estate and municipal services; postponement of the payment of fines resulting from violations; and the postponement of suspension of services for defaulters.