Saudi Arabia exceeds Imaginative and prescient 2030 goal for regional HQs, official says

RIYADH — Assistant Minister of Funding Abdullah Al-Dubaikhi mentioned Saudi Arabia has surpassed its Imaginative and prescient 2030 goal for attracting multinational regional headquarters, with greater than 700 world firms now primarily based within the Kingdom.

Talking throughout a dialogue session on the second version of the Funding in Training and Coaching Discussion board in Riyadh, Al-Dubaikhi mentioned the regional headquarters program has exceeded its authentic goal of 500 firms beneath Imaginative and prescient 2030.

He additionally highlighted the robust momentum of overseas funding in Saudi Arabia, noting that the Kingdom has issued round 60,000 funding licenses so far.

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“These licenses mirror the presence of tens of 1000’s of foreign-invested firms working throughout a variety of sectors,” Al-Dubaikhi mentioned.

He added that the figures reveal Saudi Arabia’s rising attractiveness as a regional enterprise hub and mirror continued progress in constructing a aggressive and investor-friendly surroundings aligned with the Kingdom’s long-term financial transformation objectives.

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