King Abdullah Financial District (KAFD) has announced the opening of The Executive Centre (TEC). TEC is a premium flexible workspace provider and the opening marks the company’s inaugural venture in the Saudi market.
With the opening of TEC, KAFD now offers world-class workspaces that serve not only multinational companies but also freelancers, entrepreneurs, and professionals seeking flexible co-working solutions, further strengthening the district’s position as a hub for business and talent across the Kingdom and the wider region, said a statement from KAFD.
The expansion further solidifies KAFD’s position as a hub for business and talent across the Kingdom and beyond. TEC Group’s portfolio (which includes their operations) have 215 operational centres across 35 cities in 14 markets, it added.
The opening is said to highlight KAFD’s growing stature as a dynamic business hub in the region and a leading destination for entrepreneurs and professionals. Spanning 36,500sqft, TEC’s co-working space at KAFD represents the future of flexible work environments in the Kingdom, as well as demonstrating TEC’s long-term commitment to Saudi Arabia and its support for the Kingdom’s economic transformation under Vision 2030.
Located within a Grade A building at KAFD, the centre features private offices, co-working lounges, meeting and event spaces, private phone booths, and a full-service food and beverage offering, all designed within a tech-enabled environment. TEC’s modular design philosophy allows each office to be tailored to a client’s specific business requirements, combining the structure of a traditional office with the agility of a new-age workspace.
Sultan Alobaida, Chief Commercial Officer at KAFD DMC said, “The global co-working spaces market is undergoing remarkable growth, and is predicted to reach approximately $48bn 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 co-working spaces has grown from approximately 40 in 2018 to 251 by December 2024, with the highest concentration in Riyadh.”
He continued, “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 announces opening of The Executive Centre in Saudi Arabia Middle East Construction News.
Hence then, the article about kafd announces opening of the executive centre in saudi arabia was published today ( ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( KAFD announces opening of The Executive Centre in Saudi Arabia )
Also on site :
- Britain's filthiest pubs named and shamed: One in 40 boozers fail hygiene ratings... so is YOURS one of them?
- Ibb Endowments & Guidance Office Commemorates Rajab Friday
- Development team from Dhamar, Hajjah concludes field visit to model cooperatives in Tehama