>THE TERM “INDEPENDENT SYSTEMS” IS A LITTLE AMBIGUOUS. WHAT EXACTLY WILL THE PROJECT BE, A FREE ZONE, TRANSIT ZONE, ETC.?
The project will be developed within a specialized zone, independent of the Kingdom’s existing governmental framework, excluding sovereign laws, in regards to taxation, customs, labor laws, and other legal parameters pertaining to business. As such, a zone within an independent system gives industry the ability to manufacture and provide, goods and services at globally competitive prices.
>WHAT DOES “EXCLUDING SOVEREIGN” MEAN?
“Sovereign laws” refer to everything related to the military sector, foreign policy, and sovereign decisions – all of which will remain at the government of Saudi Arabia’s discretion.
Yeah, that'll be a no from me dawg. It's certainly an interesting project, but I doubt it will draw the kind of international appeal they are hoping for. Dubai 2.0 basically.