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LG plans regional headquarter in Riyadh: Asharq TV

LG plans regional headquarter in Riyadh: Asharq TV
South Korea's LG Corp is planning to establish its regional headquarter in the Saudi capital
1 min read
LG's announcement comes as the South Korean president is visiting Saudi Arabia [Getty- file photo]

South Korea's LG Corp is planning to establish its regional headquarter in 's capital Riyadh, Asharq television reported on Tuesday.

LG's announcement comes as the president of the East Asian country is visiting the kingdom.

The and largest Arab economy in February said it would give foreign firms until the end of 2023 to set up headquarters in the country or risk losing out on government contracts.

The move has put the kingdom in competition with regional business hub the .

(Reuters)

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