The Ministry of Investment for Saudi Arabia (MISA) introduced new regulations as part of the Regional Headquarters (RHQ) Program, sparking significant challenges for foreign defense companies doing business in the Kingdom of Saudi Arabia.
The RHQ Program aims to encourage multinational companies to set up their regional headquarters in Saudi Arabia.
The RHQ program, integral to Vision 2030, demands substantial compliance efforts from international firms. This note provides a comprehensive overview of the following aspects:
MISA's role and contributions to Vision 2030
The RHQ Program’s aims, benefits, and compliance requirements
The impact of the RHQ Program on the defense industry
