Riyadh - Sharikat Mubasher: Saudi Arabia is pursuing a strategy to become a major global business hub, driven by Vision 2030’s economic diversification goals. The Regional Headquarters (RHQ) program is central to this strategy, offering a range of incentives designed to encourage multinational companies to base their regional operations in Saudi Arabia.
Driven by these efforts and the surge in commercial projects and activities in the Saudi market, 35 Chinese companies have established their regional headquarters in the Kingdom to expand their investment, as stated by Ambassador of China to Saudi Arabia Chang Hua in an interview with Al Eqtisadiah newspaper.
Hua highlighted that Saudi Arabia is one of China’s key construction markets in the Middle East and North Africa (MENA), which has encouraged Chinese companies to implement various infrastructure projects. These projects span multiple sectors, including communications, wastewater treatment, ports, and transportation.
He noted that Chinese companies operating in the Kingdom are engaged in diverse fields, such as contracting, logistics, e-commerce, communication services, and biomedicine. Additionally, many have begun expanding their operations into financial services, consulting, technology, and retail.
It is worth noting that Chinese companies’ direct investment in Saudi Arabia has exceeded $2.48 billion by 2023, according to the General Authority for Statistics (GASTAT).
