Summary

Competing for capital and companies, a growing number of countries are opening special economic zones (SEZs) to attract big-name investors, specialised service providers and SMEs alike. Red carpet instead of red tape – special economic zones (SEZs) around the world are currently reinventing themselves and are developing a more tailored and complete offering for companies seeking to explore opportunities outside their home countries. While SEZs have long been an integral part of trade and investment policies, in times of a global economic slowdown, there is increasing awareness that SEZs need to move to the next level to attract foreign direct investment and foster economic progress.