Urgent: A Canadian newspaper highlights the economic transformation in Saudi Arabia: Everyone returns to Riyadh
The picture is striking: Under the blazing sun of Riyadh, the glass towers reflect another face of the Middle East – the face of a kingdom that has become indispensable in the world of global finance. While the West hesitates, Saudi Arabia attracts It is transforming its economy at breakneck speed. This time, it is not oil money that dominates the scene, but rather a clear strategic ambition: to become the new center of gravity for global markets?. Citigroup has begun this phase. The leading American bank recently opened its regional headquarters in Riyadh, in a very important symbolic gesture for Wall Street. Within a few months, JP Morgan obtained its license to operate, Barclays announced its return after an eleven-year absence, and Goldman Sachs increased its wealth management activities, targeting the richest people in the Gulf. All these indicators point to a clear conclusion: Saudi Arabia is attracting global financial giants again. Even American leaders, who are in town to attend a What is the Kingdom? Wrong? Wrong? Reducing Saudi Arabia to a mere oil-producing country. Since the launch of Vision 2030, led by Crown Prince Mohammed bin Salman, the Saudi economy has undergone a rapid transformation. The Kingdom is seeking to reshape itself: less dependent on oil, and more focused on financial services, technology, tourism and infrastructure. Riyadh is seeking to consolidate its position as a regional financial center capable of competing with Dubai, Singapore and London. The change is evident in radical reforms, increased openness to foreign investors, and the spread of… Free zones. The Saudi capital is turning into an economic laboratory in which new forms of governance and partnerships between the public and private sectors are tested.
Writer John Blassard published an article in a newspaper "Les Affaires" Canadian, under "Everyone returns to Riyadh"Text of the article The Facts
