Cabinet commends opening of 600 global HQs in Saudi Arabia

The Saudi Cabinet, chaired by Crown Prince Mohammed bin Salman, praised the establishment of 600 global company headquarters (HQs) in Saudi Arabia, during its session held today, Feb. 18, in Riyadh, the Saudi Press Agency (SPA) reported.

This milestone underscores the stability of the Saudi economy, growing international confidence, promising expansion opportunities, top-tier workforce, and the Kingdom’s strategic location.

The Cabinet also welcomed Saudi Arabia’s hosting of discussions between the Russian Federation and the US, reaffirming the Kingdom’s commitment to promoting global security and peace.

Additionally, the Cabinet highlighted Saudi Arabia’s recognition among the world's top 10 markets for battery energy storage, coinciding with the launch of the 2,000 MWh Bisha project. This milestone marks a major transformation in the energy sector, reinforcing the Kingdom’s leadership in energy production and exports.

Furthermore, during the session, the Cabinet approved the Land Transport Law.