The Kingdom of Saudi Arabia (KSA) has been carrying forward a historically significant reform, the Vision 2030 Plan, which aims to transform and broadly diversify its economy and reduce its dependence on oil. Part of that plan is the newly introduced Regional Headquarters Program, a strategic initiative designed to encourage multinational companies (MNCs) to establish their regional headquarters in Riyadh.

In this issue of Middle East Initiative, we summarize the main elements of the Regional Headquarters Program.

Overview of RHQs

The KSA has launched an ambitious strategy to become a central business hub in the Middle East through the introduction of the Regional Headquarters (RHQ) Program. Designed to encourage multinational corporations to base their Middle East and North Africa (MENA) regional headquarters within the KSA, the program is promoting a more interconnected and centralized business landscape.