Amazon, Microsoft and Google Are Opening Saudi Arabia HQ's
The RHQ Program was introduced in February 2021 to attract global corporations to establish their headquarters in Saudi Arabia.
Global technology giants, including Google, Microsoft, and Apple are establishing regional headquarters in Saudi Arabia to comply with the government's new rules for state contracts.[1]
The three US firms have all received licenses to establish regional HQs in Riyadh. Those approvals came just ahead of the Jan. 1 deadline set by the Saudi government.
On January 2nd, the deadline for international firms to establish regional headquarters (RHQ) in Saudi Arabia or risk losing hundreds of billions of dollars in government contracts came into force.
The RHQ Program was introduced in February 2021 to attract global corporations to establish their headquarters in Saudi Arabia and position KSA as a premier commercial, industrial, and investment hub for the MENA region.
Exceptions to the rule include awards for contracts under $266,681, contracts carried out outside the kingdom, agreements with businesses that are the only ones offering their service or goods, and crises that can only be handled by a foreign business without a regional office.