Saudi Arabia records influx of 1,275 foreign companies in October

RIYADH: Saudi Arabia attracted 1,275 new foreign establishments in October, with declared capital totaling SR10.3 billion ($2.7 billion), according to the Federation of Saudi Chambers' first report tracking foreign business entries into the Kingdom. The federation said it hopes the reported capital will translate into productive investments that contribute to the national economy. The chamber’s Secretary-General Sultan Al-Musallam told Asharq…