RIYADH: Apple and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, two sources told Reuters, as part of Crown Prince Mohammed bin Salman’s push to give the conservative kingdom a high-tech look. A third source confirmed that Apple was in talks with SAGIA, Saudi Arabia’s foreign investment authority. Amazon acquired Dubai-based online retailer Souq.com earlier in 2017, opening access for Amazon retail goods to be sold in the kingdom. Apple and Amazon have both been on a Saudi priority list of foreign firms which officials hope to attract to further their reforms, one of the sources said. If completed, a cloud deal could pave the way for an expansion of Amazon retail warehouses in Saudi Arabia.

Source: Pakistan Today December 28, 2017 09:00 UTC