Apple and Amazon engage in negotiations with the authorities of Saudi Arabia on obtaining the licenses for investments in the country, ET reports quoting Reuters, which refers to its own sources.
The negotiations started upon the initiative of the hereditary prince Mohammad bin Salman, aimed at high-tech development of Saudi Arabia.
The sources inform that Apple conducts negotiations with the state agency SAGIA, which deals with attraction of foreign investments in Saudi Arabia.
The license agreement can be concluded in February 2018, and it is planned to open the retail stores in 2019.
The negotiations of Amazon are at the early stage; there are no concrete deadlines or plans yet.
It should be reminded that Saudi Arabia will build the innovation city for half a trillion dollars.