3 days Ago By ameen.syed
RIYADH: US-based management consulting firm Bain & Co. has announced the opening of its new regional headquarters in Riyadh, as the Kingdom’s capital continues to attract top global firms. The new office, located in the King Abdullah Financial District, marks Bain’s third location in the Saudi capital and more than doubles the size of its previous space, the company said in a statement.
Bain’s move comes amid a broader wave of multinational companies establishing regional bases in the Kingdom, with nearly 600 international firms having set up regional headquarters in Saudi Arabia since 2021, including Northern Trust, Bechtel, PepsiCo, IHG Hotels & Resorts, PwC, and Deloitte, the Saudi Press Agency reported in March. Ahmed Boshnak, partner and head of Bain & Co.’s Riyadh office, said: “This investment is a natural next step on our journey in Saudi Arabia.
It’s a reflection of the trust our clients have placed in us, the incredible talent we’ve been able to build, and our continued optimism about the market’s future.” Riyadh’s regional headquarters program offers incentives such as a 30-year corporate income tax exemption and withholding tax relief, alongside regulatory support for multinationals operating in the Kingdom. He added: “Being in KAFD puts us closer to many of our clients, and the new space gives our team the right environment to collaborate, grow, and continue delivering meaningful results.
” Bain has served clients in the Middle East since 1990 and established its first regional office in the region in 2007. The firm’s new headquarters reflects a long-term investment in both local talent and Saudi Arabia’s economic transformation efforts. “This milestone is about investing where it matters most: enabling us to be closer to and better serve our clients from the latest infrastructure in the heart of Riyadh,” said Tom De Waele, Middle East managing partner at Bain & Co.
“We’re grateful for the partnerships we've built in the market and are excited about what lies ahead,” he added. Founded in 1973, Bain & Co. has offices in 65 cities across 40 countries.
It advises clients across various industries and has committed over $1 billion to pro bono work over the past decade. The expansion underscores Saudi Arabia’s growing appeal as a strategic base for global firms looking to tap into regional opportunities, as the Kingdom advances its Vision 2030 economic diversification strategy..
