In an exciting development for investors, OCO Global, a renowned consultancy in international trade and foreign investments, has inaugurated a new office in Saudi Arabia. This marks its second location in the Middle East and thirteenth globally.
The newly established Riyadh office is set to become a pivotal hub for economic development, assisting Saudi government clients in crafting and implementing programs that create employment, enhance trade, and boost investment opportunities within the Kingdom. This initiative aligns with Saudi Arabia’s ambitious Vision 2030, which seeks to diversify its economy beyond oil and position the nation as a premier destination for foreign direct investments.
Moreover, the Riyadh team will collaborate with local entities aiming to explore export opportunities or invest internationally. The establishment of this office signifies OCO Global’s commitment to the region, having previously served Saudi clients through visiting teams from its Dubai office. Now, with a permanent presence in Riyadh, the blend of Western leaders and Saudi nationals will ensure closer ties with clients.
Additionally, the Saudi office will extend its expertise to international companies eager to penetrate the local market, offering a suite of research and market entry services. As Saudi Arabia emerges as one of the world’s fastest-growing economies, corporate entities and investors are increasingly drawn to its potential. According to Joe Hepworth, Director of OCO Global in the Middle East, “International investment into Saudi has surged by 41% over the past five years,” underscoring the Kingdom’s appeal.
Hepworth further emphasized the importance of having a reliable advisor in such a dynamic market, asserting that the Riyadh office will guide international clients through the myriad opportunities available. CEO Gareth Hagan echoed this sentiment, noting that “Vision 2030 has captivated global interest, and we see tremendous potential to expand trade and investment prospects.”
Headquartered in Belfast, Northern Ireland, OCO Global boasts a client roster that includes major national, state, and regional economic development organizations, as well as private enterprises such as EY, Renishaw, Siemens, Smiley Monroe, PepsiCo, and Santander. These partnerships reflect OCO Global’s expertise in helping businesses enter new markets and grow their domestic operations.
