Saudi state media companies to start moving from Dubai to Riyadh
The Peninsula
DUBAI: Dubai-based Saudi state-owned media companies will start moving staff this month to the capital Riyadh, sources said, as Crown Prince Mohammed bin Salman presses ahead with plans to remould the kingdom as a regional business hub.
The move follows a Saudi government decision earlier this year to stop giving state contracts to companies and commercial institutions that base their Middle East headquarters in any other country in the region. State-owned Al-Arabiya and Al Hadath TV channels informed their employees this week about plans to start broadcasting 12 hours a day from Riyadh by next January, two sources familiar with the matter told Reuters.More Related News