The Diriyah Gate Development in Saudi Arabia, with a $10 billion investment unfolding in 2024, is set to transform Diriyah into a leading tourist destination, enhancing its UNESCO World Heritage status and boosting local and international business opportunities.

Saudi Arabia is incentivizing foreign companies to establish their regional headquarters in the Kingdom by January 1st, 2024, with benefits such as a 10-year exemption from Saudization and lifted visa restrictions, to align with Crown Prince Mohammed bin Salman’s Vision 2030 initiative.

The decree issued by the Council of Ministers in 2022 marks a significant shift in Saudi Arabia’s legal landscape, allowing foreign law firms to establish offices and provide consultancy on Saudi laws, thus fostering international collaboration and economic growth.