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Saudi Arabia: Relax and invest, Saudi prince tells investors after corruption crackdown

Three months after Saudi Arabia detained scores of people in a crackdown on corruption, its rulers are trying to reassure investors that the kingdom remains open for business.

Foreign and local investors have long complained about corruption, and confronting it is an important part of reforms unveiled by Crown Prince Mohammed bin Salman to transform the country and reduce the economy’s reliance on oil exports.

Yet some business leaders were unsettled by the swoop on top princes, businessmen and government officials in November because of the secrecy around the crackdown and their suspicions that it was at least partly politically motivated.

The full original article can be found at reuters.com



This post first appeared on Anti Bribery And Corruption Platform & Due Diligen, please read the originial post: here

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Saudi Arabia: Relax and invest, Saudi prince tells investors after corruption crackdown

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