Saudi Arabia will no longer sign contracts with foreign companies which do not have a regional headquarters in the kingdom after 2023. File photo: DPA
Saudi Arabia pressures foreign companies to move Middle East headquarters to kingdom
- Foreign firms without regional headquarters in Saudi Arabia will not win government contracts
- Kingdom sets 2024 deadline in bold move that could escalate business competition in the region
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Saudi Arabia
Saudi Arabia will no longer sign contracts with foreign companies which do not have a regional headquarters in the kingdom after 2023. File photo: DPA