US rail firm building Riyadh HQ to target Saudi market
The rail sector in KSA is crucial in expanding the mining sector as the third pillar of the Saudi economy
Updated 23 March 2021
March 23, 2021 00:33
RIYADH: Saudi Arabia is looking to bring up to 500 international companies to Riyadh following February’s announcement that the Kingdom will stop signing contracts with foreign companies from 2024 unless their regional headquarters are locally based.
In the wake of the announcement, 24 companies have already confirmed their intentions to establish headquarters in Riyadh.
One of the companies, US-based transportation giant Greenbrier, builds, leases, repairs, supplies and manages railcars in the Middle East, North and South America and Europe.