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
Have completed at least Series A round of funding or the equivalent
Have been established for at least two years
Be either an information technology company or an emerging technologies company
Either have not already established any headquarters in KSA or not yet actually commenced any business activities in KSA
Relocate chief executives or senior management to KSA to lead the KSA operations
Focus on R&D and business development, not be solely a sales and marketing operation
Complete all necessary legal procedures for registration in KSA within 6 months from the acceptance date of this 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
