Larry Fink, Chairman and CEO of BlackRock, said Saudi Arabia is experiencing a “positive economic transformation” that is turning it into a leading destination for global investment.
Speaking at the Future Investment Initiative (FII) in Riyadh, Fink cited major projects such as Jafurah as proof of the Kingdom’s growing investment momentum. He noted that his recent visit revealed significant progress across sectors including energy, labor, and infrastructure, reflecting broad-based economic advancement.
Fink emphasized that developments in Saudi Arabia and the Gulf region mark a major shift in global capital flows, positioning the region as a magnet for international investors.
He also discussed the digital transformation of financial assets, saying the world is moving rapidly toward digital finance. Fink highlighted the need for both institutions and regulators to prepare for a technological overhaul of the financial system — extending beyond artificial intelligence to include digital currencies and payment innovation.He added that central banks worldwide are focused on understanding how digital currencies will affect the U.S. dollar and how corporations will adapt to emerging payment systems.