Emirates NBD, the leading UAE banking group, has opened a new branch in Riyadh‘s King Abdullah Financial District (KAFD) to expand its presence in Saudi Arabia.
This branch marks the Emirates NBD’s 19th branch in the Kingdom, supporting Vision 2030 by enhancing the financial services sector.
KAFD is a hub for innovation and economic development and currently stands as the world’s largest LEED-certified mixed use business district in the world.
Emirates NBD’s Newest Branch
The financial services landscape in Saudi Arabia is undergoing a transformative phase driven by the Kingdom’s ambitious Vision 2030 initiative. Emirates NBD, the leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, is at the forefront of this evolution.
The establishment of Emirates NBD’s newest branch in KAFD is a testament to the bank’s unwavering commitment to supporting Saudi Arabia’s economic goals and contributing to the Kingdom’s Vision 2030 initiative.
Aazar Ali Khwaja, Group Head of International and Group Strategy at Emirates NBD, said,
“As the leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, we are dedicated to revolutionizing the Saudi financial services sector. We leverage our extensive network, strategic partnerships, and cutting-edge offerings to empower consumers and businesses across the Kingdom.”
Financial Solutions at Emirates NBD’s KAFD
Emirates NBD’s new branch in KAFD is poised to offer a comprehensive suite of advanced products and services, catering to the district’s residents and businesses’ evolving financial requirements.
From Priority Banking and Private Banking solutions tailored for affluent individuals to Business Banking and Corporate Banking offerings designed to fuel entrepreneurial growth, this state-of-the-art facility is set to become a one-stop destination for all financial needs.
Reflecting the bank’s commitment to sustainability and the district’s LEED certification, Emirates NBD’s KAFD branch has achieved Gold LEED Certification, further underscoring its dedication to environmental stewardship and responsible business practices.
Private Sector’s Empowerment
As a key driver of Riyadh’s economic ambitions, KAFD is pivotal in nurturing the Kingdom’s private sector ecosystem.
By establishing a strategic presence within this dynamic district, Emirates NBD positions itself as a catalyst for growth, supporting the development of local businesses and fostering an environment conducive to innovation and entrepreneurship.
Financial Inclusion through Emirates NBD
Emirates NBD’s expansion strategy in Saudi Arabia extends beyond mere physical presence; it represents a commitment to fostering financial inclusion and accessibility across the Kingdom.
By increasing its branch network to 19 locations, the bank aims to bring its world-class banking services closer to communities, empowering individuals and businesses with the tools and resources they need to thrive.
This comprehensive approach aligns seamlessly with Saudi Arabia’s vision of creating a prosperous and inclusive economy where financial services are readily available to all segments of society, fueling economic growth and social development.
Digital Solutions at Emirates NBD
In addition to its physical presence, Emirates NBD is poised to introduce cutting-edge digital banking solutions tailored to the needs of Saudi Arabia’s tech-savvy population.
Recognizing the increasing demand for seamless, convenient, and secure financial services, the bank is leveraging its expertise in digital innovation to offer a suite of mobile and online banking platforms, enabling customers to manage their finances effortlessly from anywhere, at any time.
By combining the convenience of digital banking with the personalized service of its physical branches, Emirates NBD aims to provide a holistic banking experience that caters to the diverse preferences and lifestyles of its Saudi clientele.
Wealth and Investment Management
As Saudi Arabia’s economy diversifies and attracts global investments, Emirates NBD’s presence in KAFD positions the bank as a trusted partner for wealth management and investment advisory services.
With a team of experienced financial advisors and access to a wide range of investment products, Emirates NBD is well-equipped to guide individuals and businesses in navigating the Kingdom’s evolving economic landscape.
From wealth preservation and growth strategies to tailored investment portfolios and retirement planning solutions, Emirates NBD’s comprehensive wealth management offerings empower clients to make informed decisions and maximize their financial potential.
Facilitating Foreign Investment
Emirates NBD’s expansion in Saudi Arabia also holds significant implications for facilitating foreign investment and cross-border transactions.
As a leading international bank with a solid global presence, Emirates NBD bridges the Saudi market and the wider MENAT region, enabling seamless financial flows and fostering economic cooperation.
By leveraging its extensive network and expertise in cross-border banking, Emirates NBD can support international businesses seeking to establish a foothold in Saudi Arabia while enabling Saudi entities to expand their operations globally, contributing to the Kingdom’s economic diversification efforts.
KAFD: Mixed-Use Business Hub
KAFD, the largest Platinum LEED (Leadership in Energy and Environmental Design) certified mixed-use business district globally, epitomizes sustainable urban living.
Embracing the ’10-minute city’ concept, this integrated cityscape offers a walkable environment where essential amenities, including offices, residences, shops, restaurants, and entertainment venues, are conveniently located within a 10-minute radius.
With a total gross floor area of 3.2 million square meters and a land area of 1.6 million square meters, KAFD boasts an impressive array of property types, including over 2,900 residential units, 6,100+ five-star hotel keys, and branded apartments.
The master plan, executed by over 25 renowned architects and design firms, including Foster + Partners, Henning Larsen Architects, and Gensler, has reshaped Riyadh’s skyline with exceptional architectural designs inspired by the surrounding natural landscape.
Work, Life, and Play at KAFD
KAFD’s commitment to creating a dynamic and vibrant community extends beyond its business offerings. The district offers distinct lifestyle experiences through top-notch leisure and retail facilities, ensuring a seamless integration of work and play.
Within a 5-minute walking distance from Servcorp’s KAFD office, clients can enjoy access to:
- Luxurious hotels
- Popular cafes and restaurants
- State-of-the-art fitness centers
- Upscale retail stores
This seamless integration of amenities fosters a balanced and enriching experience for professionals, enabling them to thrive personally and professionally within the heart of Riyadh.
Shaping Saudi’s Financial Landscape
The launch of Emirates NBD’s new branch in KAFD marks a significant milestone in the bank’s expansion journey within Saudi Arabia.
More than just a physical presence, this strategic move represents a long-term commitment to supporting the Kingdom’s economic aspirations and contributing to the realization of Vision 2030.
More Companies Regional Headquarters in Riyadh
Servcorp
Servcorp, a renowned company that offers high-quality and flexible office solutions, has launched its latest office in King Abdullah Financial District in Riyadh.
This esteemed company provides modern office solutions to various businesses, such as startups, small and medium enterprises, and large corporations.
The new facility in KAFD boasts fully furnished co-working areas, private offices, conference rooms, and virtual office services in one of Riyadh’s most sought-after business hubs.
Goldman Sachs
Goldman Sachs is set to become the 1st bank on Wall Street to establish its regional headquarters in Riyadh.
This decision was prompted by Saudi Arabia’s recent legislation, which mandates that companies with state contracts must have a regional headquarters in the country with at least 15 employees.
The kingdom offers attractive tax incentives to attract foreign companies to set up regional HQs in Riyadh, including a 30-year corporate income tax exemption.
Saudi Arabia has already surpassed its initial target of 160 HQs by 2030, with more than 180 multinational corporations establishing their regional headquarters in Riyadh.
Adobe
Adobe, a multinational software company based in the United States, plans to open a new regional headquarters in Riyadh after receiving approval from the Saudi Ministry of Investment by early 2025.
With more than two decades of experience in the region, Adobe aims to meet the increasing need for digital customer experiences and creative solutions in the Kingdom.
This decision is in line with the ambitious Vision 2030 objectives of the Kingdom and will strengthen its presence in delivering exceptional digital experiences to its clients.
Rothschild & Co
Rothschild & Co, one of the oldest banks globally, has recently announced its new regional headquarters in the King Abdullah Financial District in Riyadh, Saudi Arabia.
Under the guidance of Managing Director Nasser Al Issa, the office is poised to provide personalized advisory services encompassing Mergers & Acquisitions, Debt Advisory & Restructuring, and Equity Markets Solutions.
This strategic initiative underscores Rothschild & Co.’s dedication to fostering the growth of Saudi Arabia, amplifying its local footprint to address the dynamic requirements of a burgeoning, high-value clientele.
Boeing
Boeing has officially announced the establishment of its new Regional Headquarters for the Middle East in Riyadh.
This decision underscores Boeing’s dedication to the prosperous Saudi aviation market, which was made after a substantial order placed last year by Saudi Arabia’s national carriers for 121 787-Dreamliners.
This strategic step is in communion with the upcoming introduction of Riyadh Air in 2025. It aligns with Saudi Arabia’s Vision 2030 objectives, which aim to invest $100 in the aviation sector.
Knight Frank
Knight Frank, a renowned international real estate advisory firm, has inaugurated its Saudi office in Laysen Valley, Riyadh. This partnership marks a significant stride towards improving public parks and urban spaces, focusing on establishing sustainable and attractive environments.
The decision by these organizations to establish regional headquarters in Saudi Arabia positions the Kingdom as a rapidly emerging global commercial hub.
IHG Hotels & Resorts
IHG Hotels & Resorts has opened its headquarters in Riyadh, marking a notable milestone in its expansion strategy in Saudi Arabia.
The headquarters will oversee the operations of 40 existing hotels and the development of 32 additional ones in the kingdom, reflecting a substantial growth trajectory with half of the Middle East development focused on Saudi Arabia.
In alignment with the Kingdom’s Saudization objectives, IHG is dedicated to fostering local employment. Presently, the company has a workforce comprising 1,700 Saudi nationals, constituting 44% of its total workforce in the Kingdom.
IHG has ambitious plans to bolster this number to 6,000 by 2030, reinforcing its commitment to contributing to the local economy and community.
JLL
JLL, an esteemed International Real Estate Consultancy Firm, has inaugurated its regional headquarters at the King Abdullah Financial District (KAFD) in Riyadh. The primary aim is to enhance the country’s real estate sector, focusing on technology and sustainability.
The strategic relocation to KAFD, recognized as the largest LEED for Neighbourhood Development (LEED-ND) Stage 2 platinum-certified project, positions JLL to make strides in achieving its sustainability goals.
Northern Trust
Northern Trust Corp., a prominent global financial institution overseeing an extensive $1.3 trillion in assets under management, has established its Middle East headquarters in Riyadh, Saudi Arabia.
This strategic move signifies Northern Trust’s explicit support for Saudi Arabia’s endeavors in economic diversification.
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