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As Riyadh cements its place as a fast-growing G20 capital, global firms are increasingly relocating their regional headquarters (RHQs) to the Saudi capital.

For decades, Saudi Arabia has been synonymous with oil, commanding a central role in global energy markets as the world’s largest crude exporter. However, beneath this legacy of hydrocarbons lies a nation undergoing one of the most ambitious economic transformations of the 21st century. As part of its bold Vision 2030 reform plan, Saudi Arabia is redefining its identity, not just as a leader in conventional energy but as a future powerhouse in renewable energy.

Saudi Arabia has recently made a significant announcement that will shape the future of its economy, infrastructure, and international business landscape. The Kingdom issued its first tender to construct the Riyadh Expo 2030 venue, marking the beginning of a monumental development that promises to transform the country. This major milestone sets the stage for the Expo 2030 Riyadh project, which is being led by the Expo 2030 Riyadh Company (ERC).