RIYADH: Saudi Arabia’s investment minister said on Tuesday the number of companies in the kingdom with a regional headquarters had reached 540, ahead of a 2030 target of 500.

“Our target was 500 regional headquarters by 2030. I’m glad to announce we have reached 540 by this morning,” Khalid al-Falih said during the Future Investment Initiative (FII) conference in Riyadh.

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“Some of them are the major multinational companies and they will be individually announcing their RHQ,” he added.