Although the UAE and Bahrain have formal diplomatic relations with Israel, and Saudi Arabia was considering such a move, Arab states in the region have their own reasons to be cautious.
The deadline for the regional headquarters (RHQ) programme is January 1 and foreign firms will have to open regional offices within that time period in Riyadh.
Boost Your Business in Saudi Arabia: Power of G20 and Corporate Headquarters Program Explained archyde.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archyde.com Daily Mail and Mail on Sunday newspapers.
Foreign firms race to open Saudi offices - World - RIYADH: A wave of ribbon-cutting ceremonies is sweeping the Saudi capital as multinationals face a January deadline to open regional headquarters in the Gulf k.