Amid the rapid digitization of the global economy, Saudi Arabia has emerged as a strategic destination for business and innovation. In alignment with Vision 2030, the Kingdom launched the Regional Headquarters Program (RHQ) to attract multinational companies. As a result of this initiative, the first half of 2024 saw the relocation of approximately 184 foreign companies to establish their regional headquarters in Saudi Arabia, following the issuance of official licenses by the Ministry of Investment.

This momentum has been accompanied by growing interest from international banks and global corporations recognizing the value of being at the heart of the Saudi market to seamlessly access the Kingdom’s large-scale national projects. Saudi Arabia has also strengthened its technological presence through strategic partnerships aimed at advancing AI infrastructure, cloud computing, and digital governance.

The Kingdom’s appeal extends beyond finance and technology, encompassing sectors such as renewable energy, logistics, and retail. These efforts reflect Saudi Arabia’s broader economic transformation goals to diversify sources of income, reduce reliance on oil, and foster innovation and entrepreneurship. Collectively, these initiatives aim to position the Kingdom as a leading regional and global business hub, enhancing its competitiveness and investment appeal.

In this evolving landscape, AHAD stands out as a trusted strategic partner, offering end-to-end services to support foreign companies establishing their regional headquarters in Saudi Arabia. AHAD facilitates the entire setup journey, from legal and regulatory enablement to operational strategy development, infrastructure build-out, and seamless day-to-day operations management. Beyond the launch phase, AHAD’s support extends to knowledge transfer and skill development, reinforcing long-term sustainability and integration within the Saudi market.

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Sources: SDAIA, Vision 2030 Programs, Ministry of Investment, Future Investment Initiative (FII), Public Investment Fund (PIF), PwC, EY.