Saudi Arabia
Big investors look past Khashoggi murder
Multinationals pour money into Saudi Arabia stock market as the kingdom tries to move on from journalist's killing
Dubai/Riyadh — Big investors in Saudi Arabia are pushing ahead with deals and pouring money back into its stock market as the kingdom tries to move on from the murder of Saudi journalist Jamal Khashoggi. His killing at the hands of Saudi agents in October 2018 strained ties with Western allies and Riyadh is keen to repair its image. It wants to attract foreign capital and know-how as part of its Vision 2030 plan of reforms to diversify the economy of the world's top oil exporter and create jobs for Saudis. Some Western governments said Crown Prince Mohammed bin Salman was implicated in the murder. The Saudi government has denied any connection to the crown prince. Deterred by the case, some Western firms in the technology and entertainment sectors have distanced themselves from Saudi Arabia. But several US multinationals told Reuters they are building on their plans in the largest Arab economy. Dow Chemical said it was committed to construction of a $100m polymer plant in Jubail and...
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