When the First Saudi State was founded in 1727, it was known as the Emirate of Diriyah. It extended across the entirety of present-day Saudi Arabia and derived its name from its capital located on the outskirts of Riyadh. It was the ultimate seat of power in the Arab world. Wind the clock forward nearly three centuries to Saudi Arabia today, and Riyadh is now the capital of a country that not only has the world’s largest Arab economy, but is also a G20 member state. Riyadh is an economic…