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Global Financial Company Northern Trust Moves its Regional Headquarters to Riyadh

Northern Trust Corp. has become one of the first major global financial institutions to establish its regional headquarters in Riyadh, which strengthens the Saudi government’s efforts to have international companies manage their operations in the Middle East from the Kingdom. The American financial services company, which manages assets worth $1.3 trillion, obtained a license from the Saudi Ministry of Investment to establish its Middle Eastern base in Riyadh.
Saudi Arabia United States Ar Riya Kingdom Of Saudi Arabia Abu Dhabi Saudi News Agency
Source: aawsat.com

Saudi Arabia well on its way to top 15 economies, says Al-Falih

RIYADH: One of Saudi Arabia’s goals is to be among the top 15 nations globally in terms of gross domestic product, and the Kingdom is well on its way to achieving it, said Khalid Al-Falih, minister of investment and chairman of the Economic Cities and Special Zones Authority. “We went from the 20th before the launch of the Saudi Vision 2030 to the 17th (spot) by the end of
Ar Riya Saudi Arabia Nabil Khojah Khalid Al Falih Saudi Special Economic Zones Investment Forum Regional Headquarters Program

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Multinationals moving HQs to Saudi Arabia likely to get tax relief, says minister

RIYADH: Multinational companies relocating their headquarters to Saudi Arabia in 2023 with the aim of securing government contracts could get tax exemptions, according to the Minister of Investment Khalid Al-Falih. During an interview with the British newspaper Financial Times, Al-Falih noted an announcement regarding incentives will be issued soon to clarify the regulations
Saudi Arabia Ar Riya United Kingdom Khalid Al Falih Kingdom Ministry Of Investment Saudi Arabia Ministry Of Investments

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