“The tax incentive gives multinational companies operating in the region yet another reason to make Saudi Arabia home to their regional headquarters, on top of other benefits such as relaxed Saudization requirements and work permits for the spouses of RHQ executives. The Kingdom’s long-term economic stability, young and skilled workforce, strategic location and strong growth prospects have already attracted the world’s leading companies to pick Saudi Arabia as their new regional base of operations, while an even greater number of executives, entrepreneurs and talented professionals from elsewhere in the region and the world are finding the Kingdom a most attractive place to advance their careers.”

Khalid Al-Falih, Minister of Investment, Saudi Arabia lures businesses with 30-year tax cut offer [Arabian Business]