Global credit rating agency Moody’s Corporation has officially established its regional headquarters in Riyadh, marking another significant milestone in Saudi Arabia’s drive to become a leading global business hub under Vision 2030.
A Vote of Confidence in the Kingdom’s Economy
Moody’s, listed on the New York Stock Exchange with a market capitalization exceeding $80 billion, announced that the investment reflects its confidence in Saudi Arabia’s strong economic momentum. Rob Fauber, President and CEO of Moody’s, stated that the decision underscores the company’s commitment to helping local and international investors seize opportunities through its expertise and analysis.
The move aligns with the Kingdom’s Regional Headquarters Program, which has successfully attracted more than 600 foreign companies to establish their regional bases in Saudi Arabia. Major global names including Morgan Stanley, PepsiCo, PwC, and Deloitte have already set up operations in the Kingdom.
Deepening the Middle East Footprint
The new Riyadh office will serve as Moody’s hub for the broader Middle East region, providing credit ratings, research, and risk assessment services to support the Kingdom’s rapidly expanding capital markets. Saudi Arabia’s debt capital market has grown significantly in recent years, with sovereign and corporate bond issuances reaching record levels.
The establishment of Moody’s regional headquarters comes at a time when Saudi Arabia is positioning itself as a premier destination for global financial institutions. The Capital Market Authority has implemented a series of reforms to deepen market liquidity, enhance transparency, and attract foreign investment.
Vision 2030 Continues to Deliver
The Regional Headquarters Program, launched as part of Vision 2030, requires multinational companies seeking government contracts to base their regional operations in Saudi Arabia. The program has transformed Riyadh into one of the fastest-growing business capitals in the world, with the city’s commercial real estate market experiencing unprecedented demand.
With Moody’s joining the growing list of global financial giants in Riyadh, Saudi Arabia continues to cement its position as the financial gateway to the Middle East and a critical node in the global economy.
