PwC unveils regional headquarters in Riyadh’s Laysen Valley

Saudi Arabia’s regional headquarters program has been attracting international firms over the past few years, with 600 international companies, including Northern Trust, IHG Hotels & Resorts, and Deloitte, already establishing their bases in the Kingdom, the Saudi Press Agency reported in March. File
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Updated 11 September 2025
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PwC unveils regional headquarters in Riyadh’s Laysen Valley

RIYADH: Professional services firm PwC has unveiled its new 22,400 sq. meters regional headquarters in Laysen Valley, Riyadh, as the Kingdom’s capital city continues to position itself as a thriving business destination. 

The company, in its annual partners’ meeting in Riyadh on Sept.10, also reaffirmed its commitment to Saudi Arabia and said that it is dedicated to working with the Kingdom in various spheres, which include investment in people, innovation, and infrastructure, according to a press statement. 

Saudi Arabia’s regional headquarters program has been attracting international firms over the past few years, with 600 international companies, including Northern Trust, IHG Hotels & Resorts, and Deloitte, already establishing their bases in the Kingdom, the Saudi Press Agency reported in March. 

The regional HQ program offers a 30-year corporate tax exemption, withholding tax relief, and regulatory support, reflecting efforts to position the Kingdom as a regional business hub and attract multinational corporations to the capital. 

“Our regional headquarters in Riyadh is more than just a building; it is an investment in the future. It has been designed to empower our people, enable our clients, and support the Kingdom’s Vision 2030,” said Riyadh Al-Najjar, PwC Middle East chairman of the board and Saudi country senior partner. 

He added: “This milestone marks a new chapter for PwC in Saudi Arabia, reflecting both the scale of our growth and our sustained commitment to playing a long-term role in the Kingdom’s transformation journey.” 

The regional headquarters also showcases the Middle East’s largest Experience Center, and is marketed under the phrase, ElDar Darak — meaning “our home is yours.” 

“The center is positioned as a true community space for innovation and ideation; where clients, government, and partners can co-create solutions, test prototypes, and design transformative experiences,” said PwC. 

The professional services firm further said that the regional headquarters also houses a forensics lab, PwC Academy, Majlis, and wellness-first spaces, establishing it as Riyadh’s most advanced professional services hub.

According to the press statement, PwC has over 2,600 professionals in its workforce in the Kingdom, out of which 56 percent are Saudi nationals, underscoring its commitment toward Saudization. 

The company added that more than 2,400 Saudi nationals have joined through PwC’s training programs over the past three years, with 80 percent of female nationals already on leadership development pathways. 

The press statement further said that initiatives like Hemam 2.0, which accelerates youth skills development, and Foundation for the Future, which equips graduates for leadership roles, underscore the firm’s long-term investment in the people of Saudi Arabia. 

“Saudi Arabia is home to one of PwC’s largest alumni networks in the region; with many nationals now leading across government, business and cultural institutions. The Kingdom has always been at the heart of our business, and we will continue to create lasting impact for our clients and communities,” said Hani Ashkar, PwC Middle East senior partner. 

He added: “Our commitment goes beyond providing services, it is about developing talent, investing in infrastructure and supporting the Kingdom’s transformation in ways that deliver lasting value.”


Saudi-French cooperation to localize veterinary vaccine manufacturing

Updated 16 sec ago
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Saudi-French cooperation to localize veterinary vaccine manufacturing

RIYADH: In the presence of sector leaders, the National Livestock and Fisheries Development Program signed a memorandum of understanding with French company Ceva under the patronage of Minister of Environment, Water and Agriculture Abdulrahman bin Abdulmohsen Al-Fadhli, who also chairs the program’s board.

The agreement aims to localize vaccine manufacturing, transfer technology and technical expertise, and expand the industrial and commercial production of veterinary vaccines across the Kingdom.

According to the MoU, the two parties will work to achieve high efficiency in mass production scale-up and establish a clear path for sustainable commercial operation that meets the needs of the local and national market, as well as strengthen the biosecurity and food security system.

The MoU also includes the development and modernization of messenger RNA vaccine technologies, along with joint research and development of a Middle East Respiratory Syndrome vaccine for camels. This involves designing, evaluating, and developing vaccines specifically tailored to combat the virus.

The agreement also covers the development of a rabies vaccine and related solutions, as well as supporting national efforts to control the disease through vaccine provision, capacity building, and the implementation of integrated prevention strategies.

The collaboration between the program and Ceva aims to meet the needs of the poultry vaccine market in the Kingdom, currently estimated at around SR750 million ($199 million).

The company will work to cover approximately 30 percent of this market with an initial investment of around SR250 million.

With continued government support for poultry projects and increased production in the sector, the market is expected to grow at a rate exceeding 10 percent annually, reaching approximately SR1.25 billion by 2030.

The addition of the world’s leading poultry vaccine manufacturer to Biotech Park highlights the program’s key role in developing new industries within the livestock and fisheries sector.

It also highlights the program’s commitment to building international partnerships with global companies, organizations, research centers, and universities to support advanced biotechnology industries and attract high-quality investments. It also seeks to create new economic sectors based on biotechnology, enhance veterinary health security, and support the sustainable economic development of the livestock sector, as well as empower national and emerging companies and provide advanced research and industrial infrastructure.

This will solidify the Kingdom’s position as a global hub for biotechnology industries and the development of national capabilities.

Ceva is the first international partner to join Biotech Park, the future veterinary biotechnology city launched by the program in Dhurma Governorate. The city is the world’s first specialized and fully integrated hub for veterinary biotechnology, serving as a benchmark for sector development and a platform supporting markets across the Kingdom, the Gulf, the Middle East, Africa and beyond.

The signing of Ceva is a significant step, given its position as the world’s leading manufacturer of poultry vaccines and medicines, and one of the most prominent international companies in the field of biotechnology.

The MoU aims to localize the veterinary vaccine industry, ensuring its compatibility with the strains of poultry diseases prevalent in Saudi Arabia. This includes the transfer of technology and technical expertise from Ceva, along with the implementation of specialized training programs to guarantee that manufacturing facilities comply with international Good Manufacturing Practice standards.