Saudi Arabia has nearly 600 global companies with an established regional headquarters in the Kingdom, according to Minister of Investment Eng. Khalid Al Falih. He noted that the number of registered investment licenses surged from 4,000 in 2018 and 2019 to 40,000 currently, while total investments have doubled to SR1.2tn ($320bn), accounting for 30 per cent of the Saudi economy. He said: “Seventy-two percent of investments came from the private sector, while the Public Investment Fund’s (PIF) portfolio and companies account for only 13 per cent. Saudi a headquarters hub “This underscores Saudi Arabia’s position as a strong global investment destination, thanks to its attractive economic environment and diverse investment opportunities across various sectors.” He added that economic reforms under Saudi Vision 2030 have enhanced the competitiveness of the local market and attracted major international companies, with the rapid growth in foreign direct investment flows reflecting investor confidence in Saudi Arabia’s economy and stability. Al Falih made his remarks during a panel discussion titled “Ministerial Perspective on the Role of the Government to Enable the Private Sector,” held as part of the third edition of the two-day PIF Private Sector Forum in Riyadh. He elaborated on the private sector’s role in driving […]