King Saud Medical City From the beginning of oil exploration in Saudi Arabia to the present day, the government has promoted growth in the private sector by privatizing industries such as power and telecommunications. Saudi Arabia announced plans for privatizing the electricity companies. A lot of these new private conglomerates and companies headquarters are located in Riyadh, along with National Banks headquarters. Because of that, Riyadh is considered as the capital city financial and business center of the Middle East. King Khalid International Airport has a major impact on the commercial movement in Riyadh, providing air transportation for millions of people each year and shipping goods to the city from all continents. When Sama, an airline, existed, its head office was in Riyadh