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Relax and invest, Saudi prince tells investors after corruption crackdown

Officials meet businessmen to address concerns; new wave of mass detentions not on the cards, say sources

Published Tue, Feb 20, 2018 · 09:50 PM
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Riyadh

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.

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