Saudi Arabia: Saudisation Will Not be Forced on Companies Who Relocate Their Headquarters
Saudi Arabia’s Investment Minister has announced Saudisation will not be forced on companies who relocate their headquarters to the Kingdom. They added Saudisation will also not apply to companies who choose to set up in the Kingdom. Their announcement follows last week’s news that certain rules for companies seeking to take advantage of the $3 trillion investment opportunities identified for international investors under the Vision 2030 strategy will be set.