Hosam Alqurashi, RHQ Program Director, Executive Advisor, Royal Commission for Riyadh City at #FII5

The speech by Hosam Alqurashi at the Future Investment Initiative announces that 44 multinational companies have chosen Riyadh as the location for their regional headquarters, marking a significant milestone for the city's economic development. Riyadh aims to triple its economy, double its population, and become a global economic hub while preserving its valuable resources and environment. The Regional Headquarters Attraction Program focuses on improving regulations, enhancing the quality of life, and creating an attractive investment ecosystem to achieve these goals. The program is expected to deliver an $18 billion incremental GDP increase, create approximately 30,000 jobs, and attract 480 regional headquarters to Riyadh within the next decade. Riyadh's commitment to sustainability, infrastructure development, and human capital regulations underscores its ambition to become a leading global city economy.