Saudi Arabia, Switzerland to cooperate in financial services, ‎technology, sustainable financing, insurance

Finance Minister Mohammed bin Abdullah Al-Jadaan inaugurated the third Saudi-Swiss financial dialogue, in Riyadh on Sunday, November 27, 2022 AD, where the signing ceremony of the document of intent between Al-Jadaan and his Swiss counterpart took place, as the document included strengthening cooperation in a number of axes related to the financial sector. Including: banking services, financial technology, sustainable financing, and insurance.

At the beginning of his opening speech, the Minister of Finance welcomed the visit of Swiss Finance Minister Ueli Maurer and his accompanying delegation to the Kingdom, pointing to the distinguished historical relations between the two friendly countries that extend for more than six decades.

He reviewed areas of cooperation in promising sectors, particularly in the financial technology sector. He also touched on the challenges facing the global economy, including the provision of appropriate green financing, praising the important role that the Swiss Confederation can play in facing these challenges, as “a home for leading financial institutions”; Stressing that it is important to ensure “inclusive of all energy sources” financing flows, and to explore the enormous opportunities offered by the circular carbon economy framework that was endorsed by the leaders of the G20 countries during the Kingdom’s presidency of the group in 2020, calling for strengthening cooperation between financial institutions. Swiss and concerned entities in the Kingdom of Saudi Arabia

For his part, the Swiss Finance Minister praised the strength of the Saudi economy and the position that the Kingdom enjoys in the world, stressing the importance of the Saudi-Swiss dialogue in developing economic activities in the two friendly countries, and strengthening the role of Switzerland as a strategic partner for the Kingdom in achieving the goals of Vision 2030.