Policy & Legislation

ISEZ is committed to being a trailblazer for the government, providing a globally competitive and ecologically sustainable business

 

environment. Our goal is to encourage investment, foster growth, and create employment opportunities through environmentally friendly

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economic zones and industries. To achieve this, we adhere to policies and legislation that promote effective administration of incentives,

 

inclusive services, and focused investment promotion.



Our Commitment

Enacting Policies and Legislation:

We create a business-friendly environment that encourages both domestic and foreign investment within ISEZ.
 

Our policies safeguard the environment, water supply, natural resources, biological diversity, labor resources, and public health and safety.
 

We align with national laws and international conventions.

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Continuous Excellence:

We adopt policies and legislation that consistently elevate service delivery, facilitation activities, and dynamic investment promotion.
 

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Key Legislations:

Special Economic Zone Act 2019

Governs the establishment, operation, and management of special economic zones.
 

Provides a legal framework for attracting investments and promoting economic growth.
 

Ihu Special Economic Zone Bill (Draft)
 

Under development, this bill will further enhance the regulatory framework for ISEZ.
 

Oil and Gas Act 1998
 

Relevant for managing oil and gas activities within ISEZ.

Key Policies:

Special Economic Zone Foundation Policy (Draft)
 

Outlines the principles and guidelines for establishing and managing the foundation of ISEZ.
 

Focuses on sustainability, inclusivity, and economic growth.
 

Ihu Special Economic Zone Operational Policy (Draft)
 

Details operational procedures, service standards, and investment facilitation strategies.
 

Aims to streamline processes and enhance investor experience.