By eSEO Solutions on September 10, 2025 in Blog
Riyadh is undergoing a structural transformation that is positioning the city as the foremost business centre in Saudi Arabia. National reforms, large-scale infrastructure projects, and targeted programmes for foreign investors are aligning to attract global corporations.
The city’s transformation is directly tied to Vision 2030 international business Riyadh goals, which prioritise diversification and global integration. Over the past five years, Riyadh has consistently drawn FDI (Foreign Direct Investment) through pro-business legislation, transparent licensing, and infrastructure expansion.
Mega-projects such as financial districts, green urban zones, and technology clusters are strengthening its reputation as a competitive global hub. Riyadh now acts as a gateway for international firms entering Middle Eastern markets, supported by modern regulations and government-backed incentives.
Vision 2030 and Economic Diversification
Saudi Arabia launched Vision 2030 to reduce reliance on oil revenues and build a diversified economy. The programme set measurable goals across infrastructure, industry, technology, renewable energy, and foreign investment in Saudi Arabia.
Riyadh, as the capital and largest economic hub, is the focal point of this implementation.
Key reforms include:
- Permission for foreign investors to establish 100% owned entities.
- Streamlined licensing processes.
- Over 160,000 new business licences issued in Riyadh in 2024 (a 67% increase from 2023).
- More than 1.6 million total registered businesses, strengthening Riyadh as a global business centre.
Infrastructure and Urban Development
Riyadh is reshaping itself with ambitious projects:
- New Murabba – Expected to add SAR 180 billion (£38 billion) to the non-oil economy and create 334,000+ jobs by 2030.
- Green Riyadh – Expanding forests with over 7 million trees, improving urban sustainability.
- King Salman Park – One of the world’s largest planned urban parks, enhancing livability and recreation.
- KAFD (King Abdullah Financial District) – Now home to global banks, asset managers, and professional service firms.
According to Knight Frank, prime office rents rose 23% in 2024, while vacancy rates dropped to just 2%, showing strong demand from international businesses.
Regional Headquarters (RHQ) Programme
The Regional Headquarters (RHQ) Programme is one of Saudi Arabia’s most significant policy initiatives. Over 600 multinational corporations have committed to relocating their regional bases to Riyadh.
This programme reinforces Riyadh’s role as a premier business hub in Saudi Arabia and as a leading decision-making centre in the Middle East.
Saudi Arabia Renewable Energy and Green Investments
Energy diversification underpins Vision 2030. Saudi Arabia has pledged more than $180 billion (£141 billion) towards renewable energy and climate initiatives.
- $8.3 billion (£6.5 billion) has already been allocated to 15,000 MW (megawatts) of solar and wind power projects, five of which are in Riyadh province.
- National targets include 50% renewable electricity generation by 2030, with planned capacity of 130 GW (gigawatts) – including 58 GW solar and 40 GW wind.
These projects are attracting global technology providers, manufacturers, and financiers, embedding Riyadh into international supply chains.
Economic Indicators and Employment
Riyadh has consistently improved across key economic measures:
- Record issuance of business licences.
- Strong inflows of FDI (Foreign Direct Investment).
- Unemployment reduced to 7% by late 2024.
Combined with government-backed mega-projects and tax incentives, Riyadh is now among the most attractive global cities for business expansion.
Innovation SA – Your Trusted Partner in Riyadh
At Innovation SA, we support international businesses establishing operations in Riyadh’s dynamic market. With local expertise and international service standards, we deliver seamless business setup and expansion support.
Our services include:
- Company incorporation and structuring
- Accounting, payroll, and HR (Human Resources) support
- Immigration and PRO (Public Relations Officer) services
- Serviced offices and workspace solutions
With over 200 international clients onboarded and 150+ professionals relocated, we have experience across industries including finance, technology, and renewable energy.
Our compliance with Saudi regulations and alignment with Vision 2030 international business Riyadh programmes ensures clients secure approvals quickly, often in under 30 business days.
Get in Touch
Looking to establish your operations in Riyadh’s growing business hub? Contact Innovation SA today. We provide tailored business solutions covering every stage of company setup, compliance, and expansion, ensuring your entry into Saudi Arabia’s capital is smooth, secure, and future-ready.
