Multinationals face pressure to relocate headquarters to Saudi Arabia
ft.com
ft.com
See also, King Abdullah Financial District in Riyadh (all financial companies to move here, except they didn't), King Abdullah University of Science and Technology near Jeddah (new world-class university with the best brains money can buy, except it's not), the "smart city" Neom being built near the Jordanian border (mostly vaporware), etc etc.
I don't often get the chance to tell this, but I was - through a series of strange circumstances - briefly involved with the initial set-up of that university and I got so many war stories out of it.
This included:
* The contractors built the on-campus housing without drainage (...although money was allocated for drains, it somehow went "missing"). There was a rainstorm right before campus opening and most of the housing was destroyed.
* During the same rainstorm very expensive IBM supercomputer was partially destroyed. It transpired contractors had drilled through the damp-proof coursing above whilst fixing a light.
* A number graduate students were arrested in the first few months for fraternising outside of campus (inside the campus most morality laws didn't apply, but once you left you were on your own)
* One of the chemistry labs did a roaring trade in sid (the local arabic for hooch) amongst the faculty and staff
* Getting absolutely anything done relied on "wasta", which kind of translates as "clout", but encompasses a bunch of things including nepotism, who you know, and your skin color (Saudi, like much of the Middle East, suffers from significant racism. Faculty and staff who looked Indian or Pakistani had a very rough time of it).
That being said, there’s very little income tax in Saudi, so yes - you can be paid well.
I don’t regret my time in Saudi - it was an eye opening experience and I learned a lot, and met many fascinating people (both local and expat) - but I don’t know if I’d recommend someone pursue a career t ere.
Reminds me of 2009 Dubai rivers of shit fiasco.
Link, please.
https://www.independent.co.uk/voices/commentators/johann-har...
>"It started like this. We began to get complaints from people using the beach. The water looked and smelled odd, and they were starting to get sick after going into it. So I wrote to the ministers of health and tourism and expected to hear back immediately – but there was nothing. Silence. I hand-delivered the letters. Still nothing."
The water quality got worse and worse. The guests started to spot raw sewage, condoms, and used sanitary towels floating in the sea. So the hotel ordered its own water analyses from a professional company. "They told us it was full of fecal matter and bacteria 'too numerous to count'.
https://www.youtube.com/watch?v=-pQdjwliLMA
I think there also might of been some BBC documentary shooting raw shit flowing down the street among glimmering sky scrapers, plus you cant ignore the aroma of the city overall.
Is DEI a global truth? Does it survive contact with reality in KSA (and other locations that don't share western liberties)? What is the internal messaging to employees of multinationals investing so much in DEI when they work in (or travel to) KSA? Can I drive myself to the office if I'm a woman? Do I need to be escorted to work by a man? Are my questions outdated and I need to be educated on life in the KSA? What if I'm a Christian? Where can I go to Sunday Mass in Riyadh?
So many questions...
KSA= Kingdom of Saudi Arabia.
(Just in case others have a hard time, it look me a moment to parse KSA as not “knowledge, skills, abilities.”)
Was that not enough information to tell, at very least, that KSA refers to a location?
The point of googling is to find the relationship between "KSA" and "Riyadh".
(Aside the textual clues already mentioned)
Saudis will get special treatment because they have money and oil. Their barbaric treatment of women and decades of financing terrorism (Wahhabism) will be ignored.
DEI is mostly about profit. It’s profitable in the US to virtue signal via DEI but not in KSA.
Google is already hypocritical enough to virtue signal DEI stuff and then discriminating anyway in the US.
I would expect Google in the KSA to just plainly play by the local rules.
The post title appears to be a little misleading. It's based on the article subhead, but later in the article it clarifies that the demand is the multinationals relocate regional headquarters from places like Dubai to Saudi Arabia:
> But now some are worried that their lives, and those of their families, could be upended after Crown Prince Mohammed bin Salman delivered an ultimatum to multinationals: move your regional headquarters to the kingdom or forget about securing prized government contracts....
> But many executives view it as an attempt to strong-arm global companies to bend to Prince Mohammed’s will and are struggling to work out exactly what it would mean for those that have traditionally preferred to locate their regional headquarters in Dubai, Abu Dhabi or Manama....
> Some executives suggest that companies may simply label an office in Riyadh a “headquarters” but Khalid al-Falih, investment minister, told Arab News, a Saudi paper, that “a superficial nameplate saying ‘this is the regional headquarters’ will not fly”.
> Falih said state contracts would be awarded only to those companies that “have their entire integrated operations here in the kingdom, from the decision making to the strategic development, to manage the execution of those government contracts”.
Except multinationals have to convince people to move there, and why would I do that? If by expense, you mean to higher salaries and bonuses I’ll require to live there, then yes.
I can confirm this works with Opera, too. Not with drag and drop, but with the "load unpacked" button in developer mode.
> "Saudi Arabia announced late Monday that by 2024 its government would cease doing business with any international companies whose regional headquarters were not based within the kingdom."
https://www.cnbc.com/2021/02/16/targeting-dubai-saudi-arabia...
Good luck getting staff to move from London, Dublin, Paris, Amsterdam etc headquarters to the soul-crushing wasteland that is Saudi Arabia. Dubai, perhaps, but Saudi? Most would resign outright, and I can’t blame them.