<\/p>\n\n\n\n
According to press reports, the demand for administrative offices in Riyadh has increased 3 times more than usual, in light of the growing business activity in the capital, and this comes in conjunction with 44 international companies heading to work in their new headquarters in the Kingdom after receiving the required licenses under the program. Attracting regional headquarters for global companies<\/a>This is an indication that Riyadh is a global city<\/a> A business magnet and a favorite investment destination for investors from around the world.<\/p>\n\n\n\n A report by real estate consultancy CBRE expects the supply of office space in Riyadh to increase by 8.1 TP3T this year, and the deadline set by the kingdom's government to relocate headquarters is part of the country's high-profile efforts to diversify the economy away from oil by shifting to new sectors. The move has put the kingdom in competition with countries in the region, which want to be the region's business center.<\/p>\n\n\n\n The company added: \u201cHowever, Saudi Arabia is the largest economy in the region with a population of around 35 million, which strongly suggests that there is room in the region for more than one business center.\u201d.<\/p>\n\n\n\n Specialists believe that this step will cast a shadow on the real estate scene, as it is expected to increase the demand for all types and categories of commercial real estate from administrative offices and exhibitions accompanied by securing housing from villas, apartments or collective housing, whether by investors or other companies, as well as attracting competencies and human resources to work with foreign companies; this in turn will create large and varied job opportunities for Saudi male and female employees, and on the scale of national companies we will witness a wide movement to compete and keep up through alliances and new partnerships to reach globalization after economic borders between countries have disappeared. <\/p>\n\n\n\n This follows the official directive issued in February to stop contracting government projects with foreign companies that do not have official headquarters in the Kingdom, and gave these companies a chance to comply with the decision by early 2024 at the latest.<\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>\u0623\u0643\u062f\u062a \u062a\u0642\u0627\u0631\u064a\u0631 \u0635\u062d\u0641\u064a\u0629 \u0627\u0632\u062f\u064a\u0627\u062f \u0627\u0644\u0637\u0644\u0628 \u0639\u0644\u0649 \u0627\u0644\u0645\u0643\u0627\u062a\u0628 \u0627\u0644\u0625\u062f\u0627\u0631\u064a\u0629 \u0628\u0627\u0644\u0631\u064a\u0627\u0636 3 \u0623\u0636\u0639\u0627\u0641 \u0639\u0646 \u0627\u0644\u0645\u0639\u062a\u0627\u062f\u060c \u0641\u064a \u0638\u0644 \u062a\u0646\u0627\u0645\u064a \u062d\u0631\u0643\u0629 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