517 int’l companies licensed to open regional HQs in Saudi Arabia

02/10/2024 Argaam

517 companies licensed to open regional HQ in Saudi Arabia

Ministry of Finance headquarters

As many as 517 international companies were so far granted licenses to open their regional headquarters (HQs) in Saudi Arabia, Ministry of Investment said in its 2025 pre-budget statement.

 

This came thanks to the efforts made under the National Investment Strategy (NIS), the minister noted.

 

This surpassed the target to have regional HQs of 500 international companies by 2030, it further stated.

 

According to Argaam’s data, Saudi Arabia earlier announced that government entities will no longer contract with any foreign company or commercial party with regional HQs outside the Kingdom.

 

This includes bodies, institutions and funds affiliated with the Saudi government or any of its agencies.

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