October 2025

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 IN THIS EDITION

REGULATORY REFORMS STRENGTHENS SAUDI STATUS AS EMERGING HUB 

 

Saudi Arabia maintained its 30th position in the 2025 Global Financial Inclusion Index, supported by strong advances in digital finance, regulatory reform, and the rapid expansion of its fintech ecosystem, according to a new analysis by Principal Financial Group and the Center for Economics and Business Research. 

 

While the Kingdom’s overall ranking held steady, its score rose by 0.9 points — a cumulative improvement of 9.3 points since the Index’s launch in 2022. The study assessed 42 markets across three pillars: government support, financial system support, and employer support. 

 

Saudi Arabia achieved the world’s second-largest annual improvement in the financial system support pillar, moving up four places to 35th. The report attributed these gains to a fast-growing fintech base, targeted financial infrastructure investment, and continued regulatory modernization under Vision 2030. 

 

A key driver of this progress is Riyadh’s emergence as a regional financial hub, anchored by the King Abdullah Financial District (KAFD), which hosts global banks, fintech firms, and investment companies. The district forms part of the Kingdom's broader effort to attract multnationak headquarters and position the capital as the Middle East’s leading financial and business centre. KAFD is home to more than 140 office tonants and 19reqional headquartors. KAFD, it is also part of a wider pull from Riyadh which now boasts 600 international companies establishing their regional base in Saudi Arabia, including Deloitte, Northern Trust and IHG Hotels & Resorts. 

 

In September, the World Bank opened a new regional hub in Riyadh to serve the Middle East, North Africa, Afghanistan, and Pakistan. "Riyadh is not only a gateway to the region’s transformation, but also a powerful platform for global knowledge exchange and policy innovation," the Bank said. 

 

Management consultancy EY also established its MENA’s new headquarters in KAFD in September. It’s one of the largest among consulting firms in the region, three times the size of its previous office.