Latest news with #KAFD
Arabian Business
3 days ago
- Business
- Arabian Business
FTI Consulting expands to Riyadh with new office in King Abdullah Financial District
FTI Consulting, a global advisory firm for corporate services, announced the opening of a new office in the heart of the King Abdullah Financial District (KAFD) in Riyadh . The move to a new, larger office underscores the firm's long-term commitment to Saudi Arabia and plans to build on its existing capabilities in the region to further support a growing client base, the company said. FTI Consulting has operated in Saudi Arabia for more than a decade and obtained a Regional Headquarters Licence in February 2024. The firm provides a range of business advisory services to domestic and international corporations in both the public and private sectors. 'Establishing a presence in King Abdullah Financial District represents a major strategic milestone for FTI Consulting in the region,' said Antoine Nasr, a Senior Managing Director and Head of FTI Consulting in the Middle East. 'Saudi Arabia is undergoing a remarkable economic transformation, and our clients increasingly seek on-the-ground expertise to navigate this evolving landscape,' he said. Commenting on FTI Consulting's move, Sultan Alobaida, Chief Commercial Officer of King Abdullah Financial District Development and Management Company (KAFD DMC), said the move comes at a time when the global management consulting market is experiencing significant expansion. 'This global trend is mirrored in Saudi Arabia, where the need for consultancy services is rising as the Kingdom continues its economic transformation,' he said. Alobaida said that with Saudi Arabia's private sector now contributing 47 per cent to GDP, surpassing the 2024 target, the need for business, management and strategy consulting services is growing steadily.
CairoScene
4 days ago
- Entertainment
- CairoScene
Eid Lunch Goes Nikkei at Chotto Matte Riyadh
Chotto Matte Riyadh marks Eid Al-Adha with a four-course Nikkei lunch, live entertainment, and themed décor, running daily from 12 to 4 PM. Chotto Matte is offering a limited-time four-course lunch to coincide with Eid Al-Adha, combining Japanese-Peruvian flavours with themed décor and live performances in Riyadh's KAFD. Available from the first day of Eid, the midday menu will be accompanied by DJ sets, laser shows, and percussion performances. The space will also feature seasonal décor, a dedicated photography area, and printed keepsakes provided by a professional photographer. Two private dining rooms are available for those marking personal milestones such as birthdays or graduations. The set menu incorporates ingredients associated with Eid, interpreted through Chotto Matte's Nikkei culinary style. The offering begins with a Chotto Summer Salad, followed by a selection of three starters: Short Rib Tostada, Wagyu Foie Gras Maki, and a Wagyu Beef Spring Roll. The centrepiece of the meal is a Miso Lamb Shank, slow-cooked and served with truffle sticky rice—a contemporary homage to Eid's culinary traditions. The meal concludes with a Sticky Date Pudding served warm with vanilla ice cream and toffee sauce. The menu is served daily from 12 PM to 4 PM throughout Eid and is priced at 199 SAR per person.
Zawya
4 days ago
- Business
- Zawya
FTI Consulting opens office in King Abdullah Financial District in Riyadh
Riyadh — FTI Consulting, Inc. (NYSE: FCN) today announced the opening of a new office in the heart of King Abdullah Financial District ('KAFD') in Riyadh, Saudi Arabia. The move to a new, larger office underscores the firm's long-term commitment to Saudi Arabia and plans to build on its existing capabilities in the region to further support a growing client base. FTI Consulting has operated in Saudi Arabia for more than a decade and obtained a Regional Headquarters Licence in February 2024. The firm provides a range of business advisory services to domestic and international corporations in both the public and private sectors. 'Establishing a presence in King Abdullah Financial District represents a major strategic milestone for FTI Consulting in the region,' said Antoine Nasr, a Senior Managing Director and Head of FTI Consulting in the Middle East. 'Saudi Arabia is undergoing a remarkable economic transformation, and our clients increasingly seek on-the-ground expertise to navigate this evolving landscape. KAFD is at the heart of a dynamic government and financial landscape, where we can provide our clients with unparalleled strategic consulting advice and access to regional and global markets. We are proud to play a role in realising their ambitions in this vibrant market.' FTI Consulting has been active in the Kingdom for more than a decade and provides domestic and international corporations, ministries and government bodies with a range of business advisory services, including strategy consulting, construction solutions, corporate finance, data privacy, expert witness, financial crime management, forensic and digital investigations, public sector advisory, economic consulting and strategic communications. Commenting on FTI Consulting's move, Sultan Alobaida, Chief Commercial Officer of King Abdullah Financial District Development and Management Company (KAFD DMC), said: 'The global management consulting market is experiencing significant expansion, with a compound annual growth rate of 6.56% forecast between 2025 and 2034. This global trend is mirrored in Saudi Arabia, where the need for consultancy services is rising as the Kingdom continues its economic transformation. With Saudi Arabia's private sector now contributing 47% to GDP, surpassing the 2024 target, the need for business, management and strategy consulting services is growing steadily. This development reflects the country's ongoing economic diversification under Vision 2030. Additionally, Saudi Arabia's rise to 16th globally in the IMD World Competitiveness Ranking an improvement of 20 positions signals the dynamic business environment, which creates opportunities for firms, like FTI Consulting, to contribute their expertise. In light of these themes, therefore, KAFD is the natural home for FTI Consulting in the Kingdom. As part of this prestigious community, it will benefit from the close proximity to leading entities, the unrivalled connectivity and the world-class infrastructure that KAFD offers. We are delighted to welcome the company to the district as we continue to build on our position as the premier destination for business in the Kingdom and beyond.' Lars Faeste, EMEA Chairman at FTI Consulting, added, 'Our decision to open in KAFD speaks directly to where our clients need us most. Riyadh is fast becoming a nexus for investment, governance reform and business transformation, all of which align closely with our core service offerings. This move also strengthens our commitment to the professional development of Saudi talent and the nurturing of future leaders within our firm. From our new location, we look forward to further enhancing our ability to address clients' critical issues — from large transformational strategies to crisis management.' About FTI Consulting FTI Consulting, Inc. is a leading global expert firm for organisations facing crisis and transformation, with more than 8,100 employees in 33 countries and territories as of March 31, 2025. In certain jurisdictions, FTI Consulting's services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.70 billion in revenues during fiscal year information can be found at Investor Contact: Mollie Hawkes +1.617.747.1791 Media Contact: Helen Obi +44 20 7632 5071 About KAFD Situated in the Saudi capital, Riyadh, KAFD is an iconic destination that merges the worlds of business and lifestyle in a digitally integrated and sustainable ecosystem, transforming the way contemporary communities live, work, and play. The destination is owned and managed by King Abdullah Financial District Development and Management Company (KAFD DMC), which was established in 2018 and is a PIF Company. With a vision to build a dynamic city of tomorrow, the Kingdom's first vertical city solution, spanning 1.6 million square meters with 95 buildings designed by 25 world-leading architectural firms, has not only shaped the skyline of Riyadh but also transformed the city's economic landscape and redefined the essence of urban living. It is the world's largest LEED platinum-certified business and lifestyle district, epitomizing Saudi Arabia's vision for economic diversification, quality of life, and sustainable development. For further details about KAFD, please visit
Asharq Al-Awsat
6 days ago
- Entertainment
- Asharq Al-Awsat
Saudi Fashion Awards 2025 Celebrate Regional and Global Creativity in Riyadh
The Saudi Fashion Commission successfully concluded the second edition of the Saudi Fashion Awards in Riyadh by honoring outstanding talent and creativity across ten fashion and beauty categories. Hosted under the patronage of the Ministry of Culture, the event gathered regional trailblazers and international luminaries for a night of celebration, innovation, and style. Held at King Abdullah Financial District (KAFD) and presented in partnership with WWD (Fairchild Media Group), the Saudi Fashion Awards 2025 marked a new milestone in the Kingdom's journey to becoming a global fashion destination. With captivating live performances and a dynamic stage program, the evening embodied the Kingdom's creative spirit and growing influence in the global fashion arena. This year's edition introduced an enhanced focus on the beauty industry and an expanded international jury, including Law Roach, Burak Cakmak, Xavier Romatet, Amanda Smith, Mai Badr, and Mohammed Aldabbagh. The Saudi Fashion Awards 2025 contributes to supporting creative talent in the Kingdom while reinforcing Saudi Arabia's presence as a key player in cultural and economic influence through fashion.
Syyaha
23-05-2025
- Entertainment
- Syyaha
Saudi Fashion Awards 2025 Celebrates Regional and Global Creativity in Riyadh
The Saudi Fashion Commission successfully concluded the second edition of the Saudi Fashion Awards on May 22, 2025, in Riyadh — an evening that honored outstanding talent and creativity across ten fashion and beauty categories. Hosted under the patronage of the Ministry of Culture, the event gathered regional trailblazers and international luminaries for a night of celebration, innovation, and at KAFD and presented in partnership with WWD (Fairchild Media Group), the Saudi Fashion Awards 2025 marked a new milestone in the Kingdom's journey to becoming a global fashion destination. With captivating live performances, a dynamic stage program, and a star-studded red carpet, the evening embodied the Kingdom's creative spirit and growing influence in the global fashion year's edition introduced enhanced focus on the beauty industry, and an expanded international jury, including Law Roach, Burak Çakmak, Xavier Romatet, Amanda Smith, Mai Badr, and Mohammed Çakmak, CEO of the Fashion Commission, reflected on the industry's trajectory, stating: 'The fashion industry in Saudi Arabia has evolved at an extraordinary pace, moving from promise to presence on red carpets, runways, and in retail spaces around the world. The Saudi Fashion Awards recognize the emergence of a new generation of trailblazers who are not only redefining what fashion looks like in the region, but what it stands for.'Mai Badr, Editor-in-Chief of Hia Magazine, added: 'Empowering creatives to lead their own narratives is part of Hia's vision and a core pillar of Vision 2030. When we trust Saudi talent to tell the Kingdom's story, we build an inclusive, authentic, and globally resonant cultural voice.'Xavier Romatet, Dean of the Institut Français de la Mode, noted: 'Identifying tomorrow's talents is a challenging but very exciting task in a country that has all the assets to foster a new generation of designers.' 2025 Award Winners: • Fashion Stylist of the Year: Rawan Kattoa • Fashion Photographer of the Year: Rayan Nawawi• Jewelry Brand of the Year: Charmaleena• Womenswear Brand of the Year: Abadia• Menswear Brand of the Year: KML• Honorary Award – Model of the Year: Taleedah TamerWWD International Awards:• International Designer of the Year: Alessandro Sartori• International Beauty Innovator of the Year: Patrick Ta• International Beauty Brand of the Year: Glow Recipe• International Brand of the Year: Tod's The Saudi Fashion Awards 2025 continued to celebrate, engage, amplify, and position the region's talent on the world stage—reinforcing the Kingdom's role in driving cultural and economic impact through fashion.
