King Abdullah Financial District (KAFD), Riyadh’s flagship destination for business and lifestyle, has announced the arrival of The Executive Centre (TEC), Asia’s foremost premium flexible workspace provider, marking its first location in Saudi Arabia. The addition of TEC introduces world-class coworking facilities that cater to multinational corporations, entrepreneurs, freelancers, and professionals seeking adaptable office solutions. This milestone further strengthens KAFD’s reputation as a centre for innovation, talent, and business in Saudi Arabia and the wider region.
The launch reinforces KAFD’s standing as a growing hub for business and entrepreneurship in the region. TEC’s new coworking space, spanning approximately 36,500 sqft, embodies the future of modern flexible workspaces in Saudi Arabia. It reflects TEC’s dedication to supporting the Kingdom’s economic transformation under Vision 2030. Situated in a premium Grade A building at the heart of KAFD, the centre features private offices, coworking lounges, meeting and event spaces, private phone booths, and a comprehensive food and beverage service, all designed to deliver a refined, tech-enabled work environment. With TEC’s modular design approach, every office can be customised to align with individual client needs, blending the structure of traditional offices with the flexibility of contemporary workspaces.
TEC Group currently operates 215 centres across 35 cities in 14 different markets.
Sultan Alobaida, Chief Commercial Officer at KAFD DMC, said: “The global coworking spaces market is undergoing remarkable growth, and is predicted to reach approximately $48 billion 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 coworking spaces has grown from approximately 40 in 2018 to 251 by December 2024, with the highest concentration in Riyadh. 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 continues to draw a diverse mix of tenants, from global corporations to emerging startups and freelancers in search of premium flexible workspace solutions. With integrated infrastructure, high-end amenities, and a collaborative business ecosystem, KAFD offers a vibrant platform where organisations and individuals alike can grow and build meaningful connections. Home to over 140 office tenants and 19 regional headquarters, the district is a benchmark for accessibility, scale, and community-driven progress.