Relocate Initiative
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
