ABB has obtained a license for incorporating the Regional Headquarters (RHQ) in Saudi Arabia from the Ministry of Investment and the Ministry of Commerce of the Kingdom of Saudi Arabia. The company joins international companies in the program that was established as a joint initiative of Vision 2030 between the Saudi Ministry of Investment and the Royal Commission for the City of Riyadh.
ABB is a global technology leader in electrification and automation, whose innovative solutions connect engineering know-how and software to optimize how things are manufactured, moved, powered and operated, enabling a more sustainable and resource-efficient future.
ABB's relationship in the Kingdom began in 1951 with an agreement to supply gas turbines to Saudi Aramco and subsequently evolved into multiple partnerships with the industrial, energy and infrastructure projects in the Kingdom. ABB in Saudi Arabia is headquartered in Riyadh and has factories, workshops and offices in Jeddah and Dammam.
Joining the RHQ Program reinforces ABB’s commitment to the Kingdom of Saudi Arabia where the company is poised to contribute to achieving the goals of Vision 2030 and beyond.
Ali Al-Koud, Country HR Manager, ABB in Saudi Arabia, stated, “We are pleased to be joining the Regional Headquarters Program. We continue to contribute to the development of national talents and enable their professional growth.”
Jahangir Khan, Country Holding Officer, ABB in Saudi Arabia said, “As a global technology leader, we are implementing our sustainable technology solutions across a range of giga-projects and projects in the energy, infrastructure and industry sectors in the Kingdom.
ABB joining the Regional Headquarters Program is a further testament to our commitment to support the Kingdom’s goal to become a top 15 global economy by 2030.”
The announcement came during the Saudi Forum for Investment in Special Economic Zones in partnership with the Regional Headquarters Program held in Riyadh on May 29, during which the Kingdom officially issued licenses for four new special economic zones. The new economic zones are Jazan, Ras Al-Khair and Cloud Computing located in King Abdulaziz City for Science and Technology (KACST) in Riyadh, and King Abdullah Economic City (KAEC) in Jeddah.
