Saudi Arabia says 540 firms have chosen kingdom for regional HQs

Investment minister says some of the 540 companies are the major multinational firms, which will be individually announcing their regional headquarters.

Tuesday 29/10/2024

Saudi investment minister Khalid al-Falih

RIYADH - Saudi Arabia's investment minister said on Tuesday the number of companies in the kingdom with a regional headquarters had reached 540, ahead of a 2030 target of 500.

"Our target was 500 regional headquarters by 2030. I'm glad to announce we have reached 540 by this morning," Khalid al-Falih said during the Future Investment Initiative (FII) conference in Riyadh.

"Some of them are the major multinational companies and they will be individually announcing their RHQ," he added.