Saudi to grant operating licenses to 3M, Pfizer

Saudi Arabia will grant licenses to US-based multinational 3M and pharma major Pfizer to operate and invest in the kingdom, Arab News quoted Minister of Commerce and Investment Majed bin Abdullah Al-Qasabi as saying. Agreements will be signed during Deputy Crown Prince Mohammad bin Salman’s ongoing visit to the US, the report quoted Al-Qasabi, citing Saudi Press Agency(SPA). “The Dow Chemical Company became the first foreign firm to be awarded a trading license from the Saudi government, with 100 per cent ownership,” Al-Qasabi said. Meanwhile, Apple’s entry into the Saudi market is under discussion, according toSPA.