Riyadh’s King Abdullah Financial District (KAFD), once noted for delays and underuse, is now showing substantial progress under Saudi Arabia’s Vision 2030 economic diversification plan. Many global firms—including HSBC, Accenture, Goldman Sachs, and Morgan Stanley—are taking up presence, while new commercial laws improve the legal environment. However, analysts caution more regulatory clarity is necessary to fully rival established financial centers like Dubai and Abu Dhabi.

Souce: financial times