RIYADH: Saudi Arabia said on Wednesday that it has licensed 44 international companies to establish regional headquarters in Riyadh, competing with Gulf neighbours, particularly Dubai, for the position of regional business hub.
"Forty-four companies from various sectors and countries have signed agreements to move and have obtained final licences," Investment Minister Khalid al-Falih told AFP on the sidelines of the Future Investment Initiative conference in Riyadh."We have a short-term goal to reach up to 400 or 500 companies, but there is no cap," added Falih.
Saudi officials are putting the finishing touches to launch the King Abdullah Financial District , a multibillion-dollar project announced in 2006, with many companies expected to be based there.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jail for serial thief who stole national flag from Saudi Arabia embassy in S’poreSINGAPORE — Despite multiple stints in jail for theft and violence-related offences, Mohammad Halimun Mohammad Shaifful continued stealing items like bottled drinks, as well as the national flag of Saudi Arabia from the embassy here.
Source: TODAYonline - 🏆 1. / 99 Read more »
Saudi pledges more than US$1 billion in 'green era' initiativesRIYADH: Saudi Arabia\u0027s de facto ruler pledged more than US$1 billion for new global environmental initiatives on Monday (oct 25), taking further steps to bolster the green credentials of the world\u0027s top oil exporter. Two days after targeting carbon neutrality by 2060, and ahead of next week\u0027s COP26 global
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Temasek sets up S$4.5b subsidiary to invest in large local firms with regional, global ambitionsSINGAPORE — State investment firm Temasek Holdings has set up a new S$4.5 billion subsidiary headquartered in Singapore to invest in large enterprises here that have “regional and global aspirations”, it announced on Tuesday (Oct 27). Today's temasek coverage is always like promotional article rather than news. Temasek related corruption always hush hush thing
Source: TODAYonline - 🏆 1. / 99 Read more »
Jail for serial thief who stole national flag from Saudi Arabia embassy in S’poreSINGAPORE — Despite multiple stints in jail for theft and violence-related offences, Mohammad Halimun Mohammad Shaifful continued stealing items like bottled drinks, as well as the national flag of Saudi Arabia from the embassy here.
Source: TODAYonline - 🏆 1. / 99 Read more »
Saudi pledges more than US$1 billion in 'green era' initiativesRIYADH: Saudi Arabia\u0027s de facto ruler pledged more than US$1 billion for new global environmental initiatives on Monday (oct 25), taking further steps to bolster the green credentials of the world\u0027s top oil exporter. Two days after targeting carbon neutrality by 2060, and ahead of next week\u0027s COP26 global
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
'Nowhere is safe': Philippine typhoon victims live in fearA year after a powerful storm sent an avalanche of volcanic rock and sand crashing down, burying her house, Philippine food vendor Florivic Baldoza still lives in an evacuation centre.
Source: YahooSG - 🏆 3. / 71 Read more »