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Dubai News Club > Business > The Saudi’s capital’s long wait for financial hub status
Business

The Saudi’s capital’s long wait for financial hub status

Press Room
Last updated: 2025/08/28
Press Room
Published: August 28, 2025
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For almost a decade, the skyscrapers of King Abdullah Financial District defined Riyadh’s skyline. But the gleaming towers housed an uncomfortable truth — they were empty.

First announced in 2006, the $10bn project faced grinding delays. But the once-silent district is coming to life as Saudi Arabia pushes ahead with ambitious plans to become a regional financial hub.

The kingdom’s $940bn sovereign wealth fund, the Public Investment Fund, last year began moving its workforce to a…

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