As Saudi Arabia's diplomacy and business relations with China is increasingly close, people familiar with the matter revealed that Chinese technology giants Huawei is seeking to move the Middle East headquarters to Riya, the capital of Saudi Arabia.
Bloomberg Society on Monday (April 10) quoted anonymous insiders reported that Huawei was negotiating with the Riyadh official relocation headquarters to enhance the existence of enterprises in Saudi Arabia, but it has not yet made the final final.Decide.
It is reported that Huawei has been strengthening its existence in Saudi Arabia, even if the United States promotes its allies to avoid this Chinese technology company.According to Xinhua News Agency, Huawei opened the largest overseas flagship store in Liade in 2022.
Huawei official website information shows that the company's current headquarters in the Middle East is located in the UAE and Barin, and has offices in Saudi Arabia, Alman, Pakistan, Qatar, Kuwait, Lebanon, Iraq, and Jordan.
Saudi Arabia has previously announced that since 2024, government entities will be restricted to do business with foreign companies that have not set up regional headquarters in the country to limit economic outflow and attract foreign investment.Saudi government officials have revealed that as of the end of last year, about 80 companies have applied to relocate their headquarters to Riyadh.
The relationship between Saudi Arabia and China has been increasing.After the Chinese President Xi Jinping visited Lyah last year, the two countries signed an agreement worth $ 50 billion.In March of this year, Saudi Arabia also agreed with China for seven years of breaking diplomatic relations with Iran.
