“It’s not about Dubai. It’s about what we need here, and I’m sorry, if you’re going to take multi-billion dollar deals in Saudi Arabia, you have to train our people.” 

-Fahd Al-Rasheed, chief executive of the Royal Commission for Riyadh City, commenting on Saudi Arabia’s plan to prohibit foreign companies from signing contracts with government and state-backed institutions if their Middle East headquarters are not based in Saudi Arabia by the start of 2024. [Bloomberg]