The move follows a Saudi government decision earlier this year to stop giving state contracts to companies and commercial institutions that base their Middle East headquarters in any other country in the region.
The Saudi government took ownership of a majority stake in MBC Group when authorities acted to seize assets from those caught up in an anti-corruption investigation in 2018. , said that since its inception Riyadh was the main hub for the network operations, with regional offices, including in Dubai.
Saudi Arabia’s 2030 vision will make new cities like Dubai come to an end. It is an ambitious mission and Saudi will be always at the top.
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