Saudi Arabia opens 30 economic projects for public consultation

Saudi Arabia economic projects for public consultation-GCC Business News
Rep Image | Credits: Saudi Gazette | Cropped by GBN
By Staff Writer, GCC Business News

The Saudi Competitiveness and Business Center (SCBC) has launched a new round of public consultations, presenting 30 projects focused on economic and development affairs through the ‘Istitlaa’ platform.

Developed in collaboration with 17 government entities, the initiative invites input from the public, private sector stakeholders, and government bodies before the final approval of proposed regulations.

The move reflects Saudi Arabia’s continued push to enhance transparency, improve regulatory quality, and foster participatory policymaking aligned with its broader economic transformation agenda.

Among the most prominent proposals is the regulation of the Special Economic Zone at King Abdullah Economic City, introduced by the Economic Cities and Special Zones Authority.

The draft framework aims to streamline governance and operational mechanisms within the zone, including licensing procedures, real estate registration, security protocols, and the establishment of bonded zones.

In parallel, authorities have proposed regulations for a Cloud Computing and Information Technology Special Economic Zone.

This initiative seeks to establish a comprehensive framework tailored to the unique requirements of digital industries, supporting the Kingdom’s ambitions to position itself as a regional technology hub. Feedback on both projects will be accepted until May 8, 2026.

The Saudi Commission for Health Specialties has also introduced draft rules and standards for evaluating clinical training programs for physicians and surgeons conducted outside the Kingdom.

The framework is designed to ensure consistent quality and strengthen postgraduate medical qualification pathways. Public consultation on this initiative remains open until May 8.

Meanwhile, the Royal Commission for Jubail and Yanbu has proposed new municipal regulations governing mobile carts across its cities.

The draft outlines unified operational standards to enhance compliance, improve service quality, and support urban planning objectives, with feedback open until May 9.

In the financial sector, the Capital Market Authority is seeking stakeholder input on amendments to rules governing special purpose entities and securities offerings.

The proposed changes aim to deepen the sukuk and debt instruments market, enhance securitization frameworks, and broaden investment product diversity. Consultation for this initiative will continue until June 5, 2026.

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