Saudi Arabia licenses 44 companies to open regional headquarters in Riyadh

, Deloitte [RIC:RIC:DLTE.UL], PwC and Bechtel - rather than oversee operations remotely from the UAE's Dubai emirate.

Some people in the business community say companies are unlikely to shut operations in the UAE and may simply shift some operations to Saudi.Danish wind turbine maker Vestas, not among the list of 44 firms, told Reuters in a statement that it was moving its Middle East sales headquarters from Dubai to Riyadh.

However some attendees at the FII investment summit where Wednesday's announcement was made, and who were speaking on condition of anonymity due to sensitivities, cited continued uncertainty around regulations and taxes, as well as high operational costs and lack of a skilled local workforce.

Riyadh will be the economical capital, and an example of a modern successful city, mark my words

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

U.S. drug company Merck to share license for experimental covid-19 treatment with non-profitU.S. pharmaceutical giant Merck has agreed to share its license with a non-profit so that its experimental covid-19 drug, molnupiravir, can be manufactured widely around the world in a deal that would expand access in more than 100 countries
La source: washingtonpost - 🏆 95. / 72 Lire la suite »