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Non-Oil GDP Share: 55% 2025 real GDP |Saudi Unemployment: 7.2% Q4 2025 |PIF AUM: $925B 2025 approx. |FDI Share of GDP: 2.8% 2025 latest |Female Participation: 35.0% 2025 latest |Credit Rating: Aa3/A+/A+ Moody's/Fitch/S&P |GDP Growth: 4.5% 2025 actual |Umrah Pilgrims: 18M+ 2025 foreign |Non-Oil GDP Share: 55% 2025 real GDP |Saudi Unemployment: 7.2% Q4 2025 |PIF AUM: $925B 2025 approx. |FDI Share of GDP: 2.8% 2025 latest |Female Participation: 35.0% 2025 latest |Credit Rating: Aa3/A+/A+ Moody's/Fitch/S&P |GDP Growth: 4.5% 2025 actual |Umrah Pilgrims: 18M+ 2025 foreign |

Multinational

The Riyadh Mandate Revisited: What Happened to the 500 Companies That Moved

700 RHQ licences issued. Only 350 operational. Companies splitting regions to keep Dubai. A 25% enforcement exemption quietly introduced. Rents up 31%. A rent freeze ordered by the Crown Prince. The two-year follow-up on Saudi Arabia's headquarters mandate.

Updated Apr 18, 2026

The Riyadh Mandate: How Saudi Arabia Forced 500 Multinationals to Move Their Headquarters

Saudi Arabia told the world's largest companies: move your regional headquarters to Riyadh or lose government contracts. Over 500 multinationals complied. The mandate is reshaping Gulf power dynamics and turning Riyadh into a global business capital.

Updated Apr 18, 2026