RIYADH: The number of Saudi-owned companies looking to set up operations in Qatar surged in the first quarter of this year following the restoration of political, trade and travel ties between the two Gulf neighbors.
The resumption of relations between the two countries has seen a 40 percent rise in the number of Saudi companies looking to open operations in Qatar, according to James King, general manager of the Qatar office at the Pro Partner Group, a firm which specializes in company formations.
While he did not give specific numbers, King said that his company had seen a 75 percent year-on-year rise in activity during the first quarter of 2021 and the number of inquiries coming from Saudi companies has increased by 40 percent year-on-year for the first three months of this year.