Knowra Special economic zone Special economic zone A designated area where business and trade rules differ from those in the surrounding territory, often to attract investment, trade, or industrial activity.
Free-trade zone : A designated area where goods can be imported, stored, processed, or re-exported under reduced customs controls. It is a common zone design centered on customs treatment of goods.
Shenzhen Special Economic Zone : A special economic zone established in 1980 that became a major center of manufacturing, technology, and urban growth in China. Shenzhen is a prominent example of a zone tied to rapid industrial and urban transformation.
Industrialization : The growth of manufacturing and related industrial activity within an economy. Zones are often used to accelerate industrialization in selected locations.
Free port : A port or adjoining area where goods receive special customs treatment, often allowing storage or processing before entry into a national market. A free port is usually narrower in scope than a zone that also changes investment or business rules.
Cost-benefit analysis : A method for comparing the expected costs and benefits of a policy or project. It helps assess whether incentives, infrastructure, and foregone revenue produce net public gains.
Export processing zone : An industrial area offering trade and regulatory advantages to firms that produce goods for export. It channels zone incentives toward export-oriented manufacturing.
Jebel Ali Free Zone : A free zone established in Dubai in 1985 around Jebel Ali Port to support trade, logistics, and industry. It illustrates how a zone can build on a major port and logistics hub.
Technology transfer : The movement of technical knowledge, skills, or technology between organizations or places. Foreign firms in zones may introduce production methods and expertise to local economies.
Enterprise zone : A designated area within a country where businesses receive incentives intended to encourage investment and employment. Enterprise zones typically target domestic business activity rather than customs and export procedures.
Additionality : The extent to which an intervention produces outcomes that would not have occurred otherwise. It tests whether zone investment is genuinely new or merely relocated from elsewhere.
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