Evening Briefing Europe

Wall Street Sees Saudi Arabia Opportunities in Finance, AI

Get caught up. 

Guests attend the Future Investment Initiative in Riyadh on Oct. 28.Photographer: FAYEZ NURELDINE/AFP

The biggest names on Wall Street have been moving to invest in Saudi Arabia. Even before finance leaders gathered in person for the kingdom’s annual finance conference, Citigroup unveiled its new regional headquarters in in Riyadh, while Barclays said it would return to the kingdom a decade after its exit.

Speaking at the conference, David Solomon of Goldman Sachs was among top executives who said it remains a major growth market.