Larry Fink, the CEO of BlackRock Inc., recently attended Saudi Arabia's annual investment conference, a significant event for global finance.

Shortly after, he was featured in a social media post alongside Sheikh Tahnoon bin Zayed Al Nahyan of Abu Dhabi, highlighting the increasing collaboration between major financial players in the Gulf region.

BlackRock, a company managing $11.5 trillion in assets, has received approval to establish its regional headquarters in Riyadh, demonstrating its commitment to expanding its presence in the Middle East.

Furthermore, BlackRock is partnering with the Abu Dhabi royal on a substantial initiative to finance the development of data warehouses and energy infrastructure, which is one of the largest investments in the region to date.