Establishes a new special economic zone

On 23 July 2019, the procedure of establishing the Ionian Special Economic Zone has been completed. It covers the Basilicata Region, the Port of Taranto and Grottaglie Airport​​, as well as the productive areas of Taranto, Grottaglie, Melfi, Ferrandina, and Galdo di Lauria.

It is already the third zone, after the Calabria and Campania SEZs, created under Law No. 91 of 2017 on the urgent development of southern Italy. It aims at providing a range of development tools for less developed Italian regions. The special economic zone programme for Southern Italy allows their creation in port areas, where investors may benefit from specific tax incentives and administrative simplifications.

• Type:

  • Promotion and facilitation (Special economic zones)

• Industry:

  • Not industry specific

• Sources:

  • Minister for Southern Italy and Territorial Cohesion, The Ionian Special Economic Zone has now been established - An opportunity for Apulia and Basilicata Regions, http://www.ministroperilsud.gov.it/en/news-and-press-release/news/zes-ionian-def/, 23 Jul 2019
  • Minister for Southern Italy and Territorial Cohesion, Institutione di una Zona Economica Speciale Ionica Interregionale, http://www.ministroperilsud.gov.it/media/1855/zes-ionica.pdf, 19 Jul 2019