‘Showing Up Matters’: Wall Street Giants Bulk Up in Saudi Arabia

Group 1: Investment Initiatives in Saudi Arabia - Major financial institutions like Citigroup and Barclays are re-establishing their presence in Saudi Arabia, with Citigroup opening a new regional headquarters in Riyadh and Barclays returning after a decade [1][2] - Goldman Sachs plans to triple its local workforce to approximately 60, highlighting the importance of being present in the market and identifying numerous opportunities in Saudi Arabia [2][3] - The focus areas for investment include artificial intelligence and capital markets, as Saudi Arabia aims to attract more foreign investors [3][4] Group 2: Strategic Partnerships and Investments - Goldman Sachs sees significant opportunities in partnering with Saudi Arabia, particularly in technology and infrastructure investments [5] - Blackstone is collaborating with Saudi Arabia's AI initiative, Humain, to develop data centers with an initial investment of around $3 billion, aiming to position the kingdom as a leading AI infrastructure provider [6] - Saudi Arabia is a major issuer of debt, providing lucrative opportunities for global lenders, while its sovereign wealth fund continues to support large-scale international investments [7]