King Abdullah Financial District (KAFD), Riyadh’s premier hub for business and lifestyle, has officially welcomed The Executive Centre (TEC), Asia’s leading premium flexible workspace provider, unveiling its first location in Saudi Arabia. The arrival of TEC brings world-class workspaces to KAFD that serve the needs of multinational businesses as well as freelancers, entrepreneurs, and professionals seeking adaptable coworking solutions, reinforcing KAFD’s role as a prominent hub for talent and enterprise across the Kingdom and beyond.
This opening underscores KAFD’s growing profile as a vibrant business and innovation destination in the region. Occupying approximately 36,500 sqft, TEC’s state-of-the-art coworking centre sets a new standard for flexible work environments in the Kingdom and highlights TEC’s long-term investment in Saudi Arabia’s economic transformation under Vision 2030. Located within a Grade A building in the heart of KAFD, the centre offers private offices, coworking lounges, meeting and event spaces, private phone booths, and a comprehensive food and beverage offering, all designed to provide a sophisticated, tech-enabled work setting. TEC’s modular design philosophy ensures each space can be customised to suit a client’s specific requirements, merging the structure of conventional offices with the adaptability of contemporary workspaces.
TEC Group’s portfolio comprises 215 operational centres across 35 cities and 14 international markets.
Sultan Alobaida, Chief Commercial Officer at KAFD DMC, said: “The global coworking spaces market is undergoing remarkable growth, and is predicted to reach approximately $48 billion by 2030, as businesses increasingly seek flexible workspace solutions that support collaboration and agility. This growth is mirrored in Saudi Arabia, where the number of coworking spaces has grown from approximately 40 in 2018 to 251 by December 2024, with the highest concentration in Riyadh. We are excited to welcome TEC to KAFD. Its innovative workspaces will complement our vibrant community of over 140 companies by offering flexible options for entrepreneurs and independent professionals. It also underscores our commitment to supporting Vision 2030 by driving economic diversification, fostering innovation, and creating the conditions for businesses of all sizes to thrive.”
KAFD remains a destination of choice for a diverse spectrum of businesses, from multinational enterprises to startups and independent professionals looking for flexible, top-tier workspaces. The district’s integrated design, premium amenities, and collaborative ecosystem offer unparalleled opportunities for networking and growth. With more than 140 office tenants and 19 regional headquarters, KAFD continues to provide a compelling environment for both business expansion and professional connection.
