KSA to award development project contracts only to firms with regional HQs in the Kingdom ...United Arab Emirates

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Saudi Arabia has decided to give contracts for its development projects only to those international companies and commercial institutions that have their regional headquarters in the Kingdom, senior officials have said, in a move that will have far reaching consequences. According to a report by Saudi Press Agency, citing official sources, the directive has been made in accordance with the announcement of the strategic goals of the capital, Riyadh 2030, during the Future Investment Initiative Forum which was held recently. During the event, 24 international companies revealed that they intend to move their regional headquarters to Riyadh, the source said. Furthermore, he added that the decis

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Last updated : 21 February 2021 clock 12:16 PM

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KSA to award development project contracts only to firms with regional HQs in the Kingdom ...United Arab Emirates

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