Saudi Arabia Attracts 571 Global Companies with Regional HQ Relocation Initiative

KSA, 13 January, 2025 : Saudi Arabia has successfully attracted 571 global companies to move their regional headquarters to the Kingdom, Minister of Investment Eng. Khalid Al-Falih announced. The majority of these companies have established offices in the King Abdullah Financial Center in Riyadh, with a significant portion being industrial firms.

Al-Falih highlighted the success of the initiative, which has been bolstered by various incentives, including the Standard Incentives Program for the industrial sector. The program has already supported 33 projects worth SR310 billion since its launch two years ago.

The industrial sector now accounts for 30% of foreign investment in the Kingdom, showing a 61% growth. Al-Falih emphasized that the sector is a key part of Saudi Arabia’s Vision 2030, contributing SR142 billion in investments during the first three quarters of 2024. The ongoing push to attract industrial investments is central to boosting the Kingdom’s competitiveness and economic transformation.