The mayor is Prince Faisal bin Abdulaziz al-Muqrin. Al-Muqrin was appointed in 2019 by royal decree  and succeeds Tariq bin Abdul Aziz Al-Faris. Riyadh is now the administrative and to a great extent the commercial hub of the Kingdom. According to the Saudi Real Estate Companion, most large companies in the country established either sole headquarters or a large office in the city. For this reason, there has been significant growth in high-rise developments in all areas of the city. Most notable among these is King Abdullah Financial District which is fast becoming the key business hub in the city. Riyadh also has the largest all-female university in the world, the Princess Nora bint Abdul Rahman University.