Categories: Business

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


Mon, 2023-03-06 13:15

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 for global firms.

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