Apple Supplier Foxconn in Talks to build Factory in Saudi Arabia
Foxconn Technology Group is in talks with Saudi Arabia about jointly building a $9 billion facility that could make microchips, electric-vehicle components and other electronicsSaudi Arabia is reviewing Foxconn’s offer to build a dual-line semiconductor contract manufacturing facility known as
Turmeric Capital Wins US $ 500 M from Saudi Backing
Turmeric Capital, an investment firm led by former L Catterton Asia head Ravi Thakran, has secured backing from Saudi Arabia for a $500 million private equity fund, according to people familiar with the matter.
TRSDC to Deliver Saudi’s First Underwater Excavation on Red Sea Coast
The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has partnered with the Ministry of Culture to unite efforts in the fields of archaeology, heritage, history and sustainable tourism along Saudi Arabia’s Red Sea coast. Among the
Saudi Licenses 44 Multinationals to move Regional HQ to Riyadh
It comes following a directive announced earlier this year by the Saudi authorities, which stipulated that, from 2024, companies who failed to have their regional HQ in Riyadh would not be considered for government contracts.The firms will get exemptions from work visa limits, eased regulations, and