Kingdom aims to create 35,000 new Saudi jobs with $18.7bn Riyadh strategy
Twenty-four international companies on Wednesday officially signed agreements to establish their regional offices in Riyadh, part of the government’s wider plan to create 35,000 new jobs for Saudi nationals and boost the national economy by up to SR70 billion ($18.67 billion) by 2030.
The signing ceremony was in the presence of the Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih and Chief Executive Officer of the Royal Commission for Riyadh City Fahd bin Abdulmohsen Al-Rasheed, the Saudi Press Agency reported.
The international brands who signed on the dotted line included, among others, PepsiCo, Schlumberger, Deloitte, PWC, Tim Hortons, Bechtel, Bosch, Boston Scientific. The official ceremony followed an announcement on Thursday by Crown Prince Mohammed bin Salman to double Riyadh’s population and transform it into one of the 10 richest cities in the world.
Source Credit: Arab News
