Riyadh is one of the richest cities in the Middle East and the 80th richest city in the world. Once a small walled city, Riyadh has developed into a dynamic metropolis over the years. Along with the urban areas of Dhahran, Dammam, Khobar and Jeddah, Riyadh has become a focal point for both travel and trade.
In addition to being the center of power, the city is also a commercial hub. Numerous educational, financial, agricultural, cultural, technical, and social organizations have set up base here. The architecture is mostly modern, including contemporary high-rise towers, but the Al-Dira district, the nucleus of the city, has been rebuilt in a style meant to evoke the old mud-brick buildings of pre-20th century Nejd.
From the beginning of oil exploration in Saudi Arabia to the present day, the government has promoted growth in the private sector by privatizing industries such as power and telecommunications. Saudi Arabia announced plans for privatizing the electricity companies. A lot of these new private conglomerates and companies headquarters are located in Riyadh, along with National Banks headquarters. Because of that, Riyadh is considered as the capital city financial and business center of the Middle East.
King Khalid International Airport has a major impact on the commercial movement in Riyadh, providing air transportation for millions of people each year and shipping goods to the city from all continents. When Sama, a local low-cost airline existed, its head office was in Riyadh.King Abdullah Financial District The king Abdullah Financial District.
King Abdullah Financial District will be the Middle East's first financial district on a scale, and of regulatory and technological standards, to match the major global financial centres. Explaining the background to the Kingdom's ambitious but attainable strategy, His Majesty said: 'We are blessed with a robust economy, a stable currency and a strong financial sector with equally strong supervision.' The intention to construct the world's first major financial district of the twenty first century is the latest stage in what is already a carefully planned and implemented programme of financial modernisation by Saudi Arabia.King Fahd Road
King Fahd road is the main road in Riyadh city and considered as the most beautiful street of Riyadh. It was constructed in 1980–1981. Many business places in Riyadh prefer to locate their head offices on King Fahd road, and headquarters of major companies and organizations are located on both sides of the road. Huge malls, business towers and skyscrapers are widely distributed on this road. However, many roads are becoming more attractive to businesses as King Fahd road is now crowded most times of the day. King Abdullah bin Abdulaziz road, Mohammed bin Fahd "Tahlia", Prince Sultan, north ring road have all became alternatives for business and companies' head offices.
The northern end reaches the Airport over another highway. By many opinions, King Fahd Road is one of the most beautiful streets in Saudi Arabia, making the road a popular tourist attraction. Famous landmarks such as Kingdom Centre, Al Faisaliyah Center, Al Anoud Tower and the Ministry of Interior building are also located on King Fahd Road. However, it is fast becoming second to King Abdullah Street which has seen major building projects and a train track and tunnel system is currently under construction.The Industrial City See also: Water supply and sanitation in Saudi Arabia
The industrial areas are located on the East and the North-East of the city, including some of the world's largest factories of oil-related industries. Aramco has large operations in the area which includes oil refineries. Electricity and water-treatments plants supply the city with their much-needed energy and water, which also reach the nearby towns.