Saudi Arabia: Measure to end state contracts with international companies will have limited initial impact

Predictions

  • New measure to end state contracts with international companies not headquartered in Saudi Arabia will have limited initial impact
  • Longer-term impact of policy will depend on nature of firms’ operations, as private sector contracts are not covered by new measures
  • Riyadh remains unlikely to succeed in encouraging mass relocation of companies, particularly from UAE, at least over coming years

Event

State media announced on 15 February that from 2024 the government will no longer sign contracts with international companies that do not have a regional headquarters in Saudi Arabia. 

Falanx Assynt is a global intelligence consultancy and leading provider of geopolitical, strategic and business risk analysis since 2003. Falanx Assynt is part of Falanx Group Ltd (LON:FLX) which, through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide.

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