Riyadh – Sharikat Mubasher: Majid Al Hokair, Chairman of the Saudi Business Council of the Nordic European Countries in the Federation of Saudi Chambers said that Saudi Arabia managed to attract several companies from North European countries to open their headquarters in the Kingdom despite drastic geographic distance.

In an interview with Al Ekhbariya, Al Hokair added that this was a normal result of the confidence these companies grew in Saudi Arabia thanks to the huge momentum the Kingdom is witnessing these days in line with Vision 2030, which contributed a lot in building its excellent reputation among Nordic European Countries.

Al Hokair added that these companies are now searching for investment opportunities in the Saudi Market after a long history of weak economic exchange, thanks to significant economic incentives the Saudi Government provides to global investors as part of its Regional Headquarters Program (RHQ).

The RHQ program in KSA is a strategic initiative launched by the Saudi government as part of its Vision 2030 plan, aimed at diversifying the economy and reducing its dependency on oil. The program is designed to encourage multinational companies (MNCs) to establish their regional headquarters in KSA, specifically in Riyadh, to serve their operations in the Middle East and North Africa (MENA) region.

With this initiative, the Kingdom aims to position itself as a leading business and investment hub, fostering economic development, innovation, and job creation. This RHQ program is a collaboration between the Ministry of Investment of Saudi Arabia (MISA) and the Royal Commission for Riyadh City.