Riyadh - Sharikat Mubasher: Saudi Arabia is steadily advancing its position as a premier hub for foreign companies seeking to establish their regional headquarters (RHQ) in the Middle East. To attract global investors and companies, the Kingdom offers a competitive business environment supported by strategic economic reforms, investor-friendly regulations, and significant infrastructure development.

According to the Minister of Investment Khalid Al Falih, the total number of foreign companies establishing their RHQs in the Kingdom reached 660, exceeding the 2030 target of 500 companies.

In an interview with Al Arabiya Business, Al Falih expected this number to surpass 1,000 within a few years as the Kingdom currently welcomes 10 to 12 new foreign companies each month.

He highlighted that the total number of foreign companies operating in Saudi Arabia has surged to over 52,000 from around 5,000 companies since the launch of Vision 2030, creating nearly 6,500 job opportunities.

Furthermore, Al Falih affirmed that the volume of foreign direct investment (FDI) in Saudi Arabia has tripled in recent years, with a growth rate of 24% in 2024.

On another note, the minister affirmed that the Kingdom is preparing to establish robotics factories in partnership with foreign investors, including SoftBank Group.

According to recent figures from the Ministry of Investment (MISA), the FDI inflows in Saudi Arabia reached SAR 119.2 billion in 2024, exceeding the target of SAR 109 billion by 39%.