RCU Signs Strategic Partnerships, 44 Multinational Companies Shift Regional Headquarters to Saudi Arabia

RCU Signs Strategic Partnerships, 44 Multinational Companies Shift Regional Headquarters to Saudi Arabia

The Royal Commission for AlUla signs landmark agreements with AECOM and an international French consortium during the Future Investment Initiative in Riyadh. (PRNewsfoto/The Royal Commission for AlUla (RCU))

International experts participating in the Future Investment Initiative (FII) conference’s fifth edition in Riyadh called for investing more in humans over the coming period. Apart from increasing job opportunities and helping restore balance, this will push markets towards growth and progress.

During the conference’s second day, Saudi Arabia announced it had licensed 44 international companies to set up regional headquarters in the capital Riyadh under the kingdom’s push to become a regional commercial hub.

“We have noted a strong response from investors in recent years, which is driving increases in foreign direct investment. As investment grows, we expect to see these investors expand their presence in the local market,” said Khalid Al-Falih, Saudi Arabia’s Minister of Investment.

“I am delighted by the number of multinational companies that have chosen to relocate to Riyadh, demonstrating that our national capital is becoming an increasingly attractive place to do business and developing into an investment destination of choice,” said Al-Falih.

The Regional Headquarters Attraction Program of Multinational Companies is expected to yield significant local benefits to Saudi Arabia’s economy.

“By 2030,