Goldman Sachs Group Inc. has opened a new office in the financial district of Saudi Arabia’s capital Riyadh, deepening its presence in the largest Middle Eastern economy.

Al Tamimi & Co is to move its Riyadh office to Tadawul Tower at the King Abdullah Financial District in the fourth quarter of the year, as the firm looks to incorporate more "dynamic" ways of working.

As Riyadh attempts to turn the page on its car-dependent reputation with the Riyadh Metro, one building in particular stands out as an impossible-to-miss reminder of the city’s movement toward a ...