Saudi Arabia: The government will stop contracting with any foreign Company or Firm that has Regional Headquarters Outside the kingdom

Announcement

15 Feb 2021

In February 2021, the government announced that it will stop contracting with any foreign firms that have their regional headquarters outside the kingdom to incentivize the localization of businesses by foreign companies.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Jan 2024

Revocation date:

No revocation date

Announced: 15 Feb 2021

Local operations requirement In force

On 15 February 2021, the Saudi government announced ceasing to contract with any foreign firm or entity which has its regional headquarters outside of the kingdom. The cessation will include agencies...

Related State Acts

Announced: 05 Dec 2023

Saudi Arabia: Government introduces a 30 year tax relief package to attract foreign firms

Announced: 08 Jan 2023

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