U.S. Businesses Sour on Saudi Arabia in Blow to Crown Prince’s Growth Plans

RIYADH—Saudi Arabia courted the world’s high corporations to modernize its economic system. As a substitute, the enterprise setting has grown extra hostile and traders are souring on the oil-rich kingdom.

Uber Applied sciences Inc., Common Electrical Co. and different international companies had been hit unexpectedly tax assessments typically totaling tens of thousands and thousands of {dollars}.