Arab News
Arab news, Wed, Oct 29, 2025 | Jumada al-Awwal 7, 1447
Saudi Arabia emerges as global investment hub on positive changes: BlackRock CEO
Saudi Arabia:
Larry Fink, chairman and CEO of BlackRock, the
world’s largest asset management firm, stated that Saudi Arabia is undergoing a
positive economic transformation, making it a prominent destination for global
investment.
He highlighted major projects such as Jafurah as
evidence of the growing investment momentum in the Kingdom.
Speaking at a panel discussion on the sidelines of
the Future Investment Initiative in Riyadh, Fink noted that during his visit, he
observed numerous positive changes and an increase in opportunities across
energy, labor, infrastructure, and other sectors.
He added that developments in Saudi Arabia and the
Gulf region represent a significant shift, positioning the region as a magnet
for global capital.
Fink also emphasized that the world is entering a
phase of rapid transformation of financial assets into digital assets, and
preparations are needed to understand how technology can transform the financial
sector — not just through artificial intelligence, but via comprehensive
technological transformation across the global financial system.
He pointed out that central banks’ key questions
revolve around digital currencies, their impact on the US dollar, and how
companies will adapt to digital payment systems.