Serviced Offices in Saudi Arabia

Office Space in Saudi Arabia

Situated in the Middle East, the Kingdom of Saudi Arabia is a sovereign nation and neighbours Yemen, Oman, Jordan, Bahrain, Qatar, Kuwait, Iraq and the United Arab Emirates. With some of the world’s largest reserves of oil, the country ranks among the top 20 richest nations in the world in terms of GDP.

 

Even though Saudi Arabia is a member of the G20, its economy is not very diversified and is heavily reliant on the export of oil. The government is now taking steps to decrease the county’s dependence on this natural resource and is encouraging growth across different sectors. Saudi Arabia holds a strategic position in the region and is also a member of the Gulf Cooperation Council (GCC), the Organisation of Islamic Cooperation and the Organization of the Petroleum Exporting Countries (OPEC).

 

Riyadh, the capital city, is the commercial centre of the kingdom and many multinational corporations have established their head offices here. The city has an excellent international airport and is well connected by a modern road system. Serviced office space in Riyadh is available in several areas including the well-known Olaya Street and King Fahd Road.

 

 

Riyadh Area Information

Riyadh 2Business activities in the city are spread across the Al Falah District (North Riyadh), Al Olaya District, King Abdullah Financial District and the King Fahd Road.

The Al Falah District is home to the country’s two major universities and also houses the Granada Center, a famous shopping mall. The district is popular with IT firms and offices are reasonably priced.

Located in the north of the city, famous land marks like the Kingdom Centre and the Al Faisaliyah Center can be found in the Al Olaya District. Leading financial corporations have set up their offices in this area.

A new development currently under construction, the King Abdullah Financial District will provide 3 million square meters of office space in Riyadh.

Known as the business hub of Riyadh, the King Fahd Road boasts several skyscrapers, shopping malls and government buildings in addition to high-quality office space.

In terms of pricing, serviced offices range from SAR.1000/- to SAR.14,000/- depending on the location and quality of the space.