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Bosch signs MoU to evaluate potential of business in Saudi Arabia

FRANKFURT, Feb 16 (Reuters) - German auto supplier Robert Bosch has signed a memorandum of understanding to explore potential business in Saudi Arabia, a spokeswoman said on Tuesday.

Bosch was responding to a query from Reuters following news on Monday that Saudi Arabia would cease contracting with companies and commercial institutions whose regional headquarters were not located in the Kingdom. (Reporting by Tom Sims; editing by Thomas Seythal)

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