The Kingdom also moved up 30 places from the year before in the World Bank’s 2020 Doing Business Report. On Monday, Saudi Arabia said it would stop contracting with international companies that did not have regional headquarters in Riyadh. “The future policy announcement requiring regional headquarters to be based in the Kingdom is an extension on the same trajectory,” he added. Managed cloud kitchen platform Kitopi recently expanded into Saudi Arabia. Its chief executive officer and co-founder, Mohammed Ballout, said: “Our move into KSA after Dubai was an obvious one given that Saudi Arabia is the Middle East’s largest economy.

Source: Ethiopian News February 18, 2021 23:03 UTC