“The decision to establish regional headquarters for foreign companies and institutions contracting with Saudi Arabia reflects positively on improving local content and enhancing competitiveness for local products and services to reach a high level of quality through the localisation of existing jobs and the creation of others that fit the rapid economic developments in the kingdom.”
–Ajlan Al-Ajlan, Chairman of the Council of Saudi Chambers, discussing Saudi Arabia’s plans to restrict certain government contracts with foreign companies that do no have regional headquarters in Saudi Arabia. [SPA]
