Saudi RHQ Programme Exceeds Vision 2030 Targets
· Foreign capital
StatusReported by the outlet; not confirmed elsewhere.
Saudi Arabia has emphasized the importance of having a significant presence in the country for global companies aiming to compete for major opportunities. The Regional Headquarters (RHQ) Programme is central to this strategy. Introduced in 2021 by the Ministry of Investment of Saudi Arabia (MISA) and the Royal Commission for Riyadh City, the programme encourages multinational companies to relocate their regional functions to Saudi Arabia. By the first quarter of 2026, more than 780 international companies had obtained RHQ status, exceeding the original Vision 2030 target of 480 companies by 2030. This substantial response highlights the attractiveness of Saudi Arabia as a regional hub for multinational corporations.
Why this mattersFor developers and design practices in Madinah, the influx of multinational companies establishing regional headquarters in Saudi Arabia could lead to increased demand for commercial and mixed-use developments. This trend may offer opportunities for collaboration with international firms seeking local expertise in architecture and construction. Additionally, the success of the RHQ Programme could influence regional planning and investment strategies, potentially impacting project feasibility and timelines.
Key figures780 international companies · Vision 2030 target of 480 companies by 2030 · Q1 2026
Source: Irglobal
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