Relocate Initiative

 

relocate logo

 

The initiative aims to incentives the global tech startups and multinational companies by facilitating their access and providing a range of attractive incentives needed by these tech companies to relocate to KSA and then to successfully expand and scale within the KSA and regional market.

 

Our Target

Global tech startups

Multinational tech companies

Offerings

The initiative offers three packages based on the size of the company and its number of employees in Saudi Arabia

Standard Package

Number of employees hired and relocated

5 - 19

 

Local talent wage subsidy

Up to

SAR 1.2 M

(One year for 4 Saudis)

 

Office space

Up to

SAR 264 K

(Minimum of one-year rent)

 

Relocation grant

Up to

SAR 225 K

(For 15 full time employees)

 

Premium Package

Number of employees hired and relocated

20 - 50

 

Local talent wage subsidy

Up to

SAR 2.4 M

(One year for 8 Saudis)

 

Office space

Up to

SAR 528 K

(Minimum of one-year rent)

 

Relocation grant

Up to

SAR 630 K

(For 42 full time employees)

Elite Package

Number of employees hired and relocated

+ 51

 

Local talent wage subsidy

Up to

SAR 3.6 M

(One year for 12 Saudis)

 

Office space

Up to

SAR 880 K

(Minimum of one-year rent)

 

Relocation grant

Up to

SAR 900 K

(For 60 full time employees)

Eligibility Criteria

The company must

Complete at least series A round or equivalent

Two years since the establishment as a minimum 

In the information technology or emerging technologies industry 

Not established any headquarters in Saudi Arabia or not actually exercise its business

Relocate chief executives or senior department to Saudi Arabia.

Focus on R&D and business development, not based on sales and marketing 

Complete all legal procedures for registration in the Kingdom of Saudi Arabia within 6 months from the acceptance date of the initiative

Why Saudi Arabia?

Fastest-growing G-20 Economy with a young, highly educated population of over 34 million inhabitants

Solid tech and investment infrastructure and comprehensive government incentives for tech Start-up

Ranked third globally and first regionally in the GovTech Maturity Index (GTMI)

Ranked second globally among the G20 countries in the Digital Competitiveness

Achieved G5 regulator classification and ranked 1st in the MENA region

Boasts a strategic location at the heart of major trade routes crossing three continents

Initiative partners