The future of SEZs

Tempo de leitura: 1 minuto

There are more than 5,500 free zones around the world and more than 500 zones will be developed over the next 5-10 years. However, the traditional free zone model – a fenced and demarcated area of land in combination with tax or other financial incentives for potential tenants and focused on trade and exports – has lost its value for potential (foreign) investors.

This model has been replicated in many countries and increasingly without success and thus with limited results as were initially intended (attract FDI and create jobs). And perhaps many governments may even reconsider providing tax incentives in the future given the huge budget deficits due to COVID-19 stimulus packages. So as a FZ you will have to offer more than just a building and tax incentives. A new EZ model and concept focused on the future growth industries of the global economy is necessary. The EZ solution of the future: NxtZones.

NxtZones is a new Economic Zone (EZ) model for the future customized to a changing global economy, industry 4.0 and based on the most innovative and best practices of many EZs around the world. The NxtZones model connects ideas, innovation and entrepreneurship in various high value high growth sectors. NxtZones is a global network of Free Zones that creates jobs, attracts FDI and promotes economic development, with a clear mandate for sustainability, perfectly aligned to the 17 UN SDGs.

NxtZones are carbon neutral, autonomous vehicle enabled and based on circular economy principles. At the core of the NxtZone design, is a conjunction of academia, research, entrepreneurs, venture capital and sustainable practices. This powerful equation brought about the Silicon Valley that we all know today in California. NxtZones will be the new Digital Global Silicon Hub.

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