in arabianbusiness.com: Riyadh’s premium office space has reached near-full occupancy at 98 per cent amid an influx of international companies, driving rental values up by 19 per cent year-on-year as Saudi Arabia’s capital cements its position as a regional business hub, according to Savills. More than 120 foreign companies, including Goldman Sachs and Frost & Sullivan, have relocated their regional headquarters to Riyadh this year, fuelling a surge in demand for high-end office space, the property consultant said in its Q3 2024 market report. Technology, media and telecommunications firms led the leasing activity, accounting for 40 per cent of new occupancies, followed by consulting and consumer goods companies at 20 per cent each, the report showed.
