Riyadh attracts 24 new corporate groups to set up in the Saudi capital

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Thu, 2021-01-28 19:35

DUBAI: The growing attraction of Riyadh as an economic, financial and investment hub has been underlined by the decision of 24 multinational companies to establish regional headquarters in the Saudi capital.

The companies – including such heavyweights as PepsiCo, Schlumberger, Bechtel and Boston Scientific – announced their plans on the second day of the Future Investment Initiative (FII). In a sign of the growing appeal of Riyadh as a consumer hub, Canadian fast food chain Tim Hortons will also set up there.


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