Saudi Cabinet commends opening of 600 global company headquarters
The Saudi Cabinet, chaired by Crown Prince Mohammed bin Salman, praised the establishment of 600 global company headquarters in the Kingdom during its session held today, Feb. 18, in Riyadh.
This milestone underscores the stability of the Saudi economy, growing international confidence, promising expansion opportunities, a highly skilled workforce, and the Kingdom's strategic location.
The Cabinet also welcomed Saudi Arabia's hosting of discussions between the Russian Federation and the United States, reaffirming the Kingdom's commitment to promoting global security and peace, according to the Saudi Press Agency (SPA).
Additionally, the Cabinet highlighted Saudi Arabia's recognition among the world's top 10 markets for battery energy storage, coinciding with the launch of the 2,000 MWh Bisha project. This milestone marks a major transformation in the energy sector, reinforcing the Kingdom's leadership in energy production and exports.
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