DUBAI — Saudi Arabia’s Minister of Investment Khalid Al-Falih said over the weekend that multinational companies that relocate their regional headquarters to Saudi Arabia in 2023 with the goal of securing government contracts are “likely” to receive a degree of tax relief.
Executives said the details are vague and they felt uncertain, as many believe there’s a possibility that they can be double taxed between Riyadh and other Gulf states, the report stated.
