Questions whether there's room for all the region's financial centres may be missing the point.
When Saudi Arabia announced plans for the vast USD 8 billion King Abdullah Financial District in Riyadh, to be opened in 2010, critics were fast to question whether this was not a financial centre too far in the Gulf region. After all, Bahrain's traditional role as regional financial hub has already been challenged by the Dubai International Financial Centre since 2004 and by the Qatar Financial Centre since 2005. For its part, Bahrain has responded with its USD 1.5 billion Bahrain Financial Harbour project, which opened for business last May.
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