Servcorp Boosts Saudi Business Landscape with Strategic Expansion into KAFD

Servcorp, the world’s leading provider of premium flexible office solutions, has announced the opening of its new office location in the King Abdullah Financial District (KAFD), Riyadh. This strategic move aligns with KAFD’s vision to enhance Riyadh’s position as a global business and lifestyle destination, offering a sophisticated platform for businesses to connect and grow their operations.

The opening is part of Servcorp’s strategy to extend its regional footprint, offering state-of-the-art office solutions to startups, SMEs, and multinational corporations. The facility features fully equipped private offices, coworking spaces, virtual offices, and meeting rooms, complemented by professional 24/7 IT support and local expertise. This setup is designed to cater to the needs of today’s dynamic business environment, ensuring businesses have the resources they need to succeed.

A key driver of Riyadh’s economic ambitions, KAFD is the largest Platinum LEED (Leadership in Energy and Environmental Design) certified mixed-use business district in the world. Set in the heart of the Saudi capital Riyadh, KAFD is home to 1.6 million square meters of state-of-the-art office spaces, world-class venues, and iconic luxury residences, designed to transform the way urban communities live, work, and play.

David Godchaux, CEO of Servcorp for The Middle East, Europe and America, commented, “We are delighted to open our new location in KAFD, aligning Servcorp’s expansion with Saudi Arabia’s strategic vision in one of the region’s most significant developments. Our clients in KAFD will benefit from state-of-the-art technology, and world-class office solutions backed by Servcorp’s global infrastructure. Our international clients will now have access to this as they expand into Saudi Arabia and look for uncompromised excellence, security and quality support for their office and business requirements in the Middle East.”

KAFD has adopted the ‘10-minute city’ concept, which aims to create a walkable urban environment in which all necessary amenities are located within 10 minutes of home and work as exemplified by KAFD’s many mixed-use buildings, combining office and residential, as well as shops, restaurants and entertainment options.

“With the number of SMEs in Saudi Arabia growing by an impressive 3.1% in Q4 2023 to more than 1.3 million, the total number of SMEs in Riyadh alone reached 571,298 by the end of the year. With this rapid expansion in entrepreneurship and SMEs, and the vast interest in coworking spaces, we are thrilled to welcome Servcorp to KAFD,” said Gautam Sashittal, CEO of the King Abdullah Financial District Development & Management Company. “Servcorp’s innovative workspace solutions are a strategic addition to our district, perfectly aligning with our vision of becoming a full-service business hub. This new partnership not only enhances our ability to support business success but also underscores KAFD’s vital role in driving the Kingdom’s economic diversification and achieving the ambitious goals of Vision 2030.”

The initiative supports Saudi Arabia’s Vision 2030 by offering accessible workspace solutions that promote economic diversification and workforce development. Servcorp’s new location provides both virtual and physical office spaces, enhancing work-life balance and increasing participation among diverse groups, particularly women and new business owners. By equipping startups, SMEs, and multinationals with scalable quality local support and contributing to a more skilled, diverse workforce through localization and human capital development, this expansion significantly strengthens Riyadh’s economic diversification efforts and dynamic business environment.

Since establishing its presence as the first global flexible space provider in Saudi Arabia in 2009, Servcorp has grown to operate a robust network across the country with 10 branches, and over 150 locations worldwide.