RIYADH: Saudi Arabia’s Minister of Investment Fahad Al-Saif has inaugurated Chinese tech company Lenovo’s regional headquarters for the Middle East, Türkiye, and Africa in Riyadh on Sunday.
The development marks a significant milestone in the Kingdom’s ongoing efforts to position itself as a leading regional hub for global companies, in line with the goals of Saudi Vision 2030, the Saudi Press Agency (SPA) reported.
Al-Saif said that Lenovo’s decision to establish its regional headquarters in the Kingdom reflects the strength of the Saudi economy, the attractiveness of its investment climate, and the rapid pace of its economic transformation.
He added that this move underscores the success of the regional headquarters program in attracting major global firms and enabling them to manage and expand their operations from Saudi Arabia.
He further noted that Lenovo’s investments in the Kingdom include the development of research and development initiatives, the enhancement of local skills, and the establishment of a manufacturing platform with an annual capacity of around eight million units.
This, he said, will help create high-quality jobs and support the localization of technology and industry.
Al-Saif emphasised that such partnerships with global companies strengthen Saudi Arabia’s position within global technology value chains, support the growth of national industries, accelerate knowledge transfer and human capital development, and provide a strong platform for international firms to expand and innovate in one of the region’s fastest-growing markets.
