اليكم الان Bloomberg: The Attack on the Aramco Tower in Riyadh Raises the Fears of Foreign Companies Toward Investment in the Kingdom والان إلى التفاصيل من المصدر الخبر اليمني
The American “Bloomberg” agency reported on Sunday that an attack by the Sana’a forces inflicted damage on the offices of the Aramco company inside the King Abdullah Financial Center in Riyadh, in a development that raises the fears of foreign companies regarding the security of international investments and business in Saudi Arabia.Exclusive Follow-ups — Al-Khabar Al-Yemeni:The agency said in a report of its that the attack threatens the efforts of the Saudi authorities to return activity to normal, about a month after the disruptions that followed the attacks on King Khalid International Airport, and the accompanying disruption of aviation movement and the postponement and cancellation of economic and international events.The targeting of the Aramco tower acquires importance given its location inside one of the most prominent business and investment centers in the Kingdom, which includes the headquarters of the Public Investment Fund and the Saudi Stock Exchange, along with global financial institutions, among them “Goldman Sachs” and “Brookfield.”According to “Bloomberg,” the attack places the foreign companies operating in Riyadh before new security fears, which may push them to tighten the travel restrictions of their executive officials to the Kingdom, which is reflected on the movement of business and investments.Read also: Sana’a’s Strikes Hit the Financial Center of Aramco in Riyadh… Has the Deterrence Equation Expanded?The agency noted that the management of the financial center had informed the tenants of the possibility of returning to work from the offices, before it reversed on Saturday and directed the continuation of working remotely until further notice, in an indication of the continuation of the disruptions that hit the economic institutions.Postponement and Cancellation of International Events:These developments come at a time when the Saudi Crown Prince Mohammed bin Salman is seeking to save the “Vision 2030” project, based on attracting foreign investments and diversifying sources of income and reducing dependence on oil, amid economic and financial pressures that include the contraction of the economy, the weak performance of the stock market, and the increasing budget deficit, according to the agency.“Bloomberg” noted that the Kingdom was forced during the past month to postpone or cancel prominent international events, among them the Asian Football Cup and the Future Investment Initiative forum, in conjunction with the continuation of the restrictions on aviation movement at King Khalid International Airport, and the imposition by global airlines of restrictions on travel to the Kingdom.Read also: Yemen’s Operations Force Saudi Arabia to Postpone a New Global EventThe repetition of the attacks on the Saudi vital facilities, from the airports to the oil and financial centers, raises questions about Riyadh’s ability to provide the security environment necessary to attract foreign capital, and to protect the major economic projects on which the Saudi leadership bets in implementing its economic vision.
Bloomberg: The Attack on the Aramco Tower in Riyadh Raises the Fears of Foreign Companies Toward Investment in the Kingdom first appeared on الخبر اليمني.
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