Saudi Central Bank Governor on Gulf-Chinese Finance Cooperation

The Governor of the Saudi Central Bank (Sama), Ayman Al-Sayari, emphasized the importance of strengthening financial cooperation between the Gulf Cooperation Council (GCC) countries and China, with the aim of developing digital payment infrastructure and improving the efficiency and flexibility of financial systems. He highlighted the progress made by the Gulf region in expanding payment systems and developing the national payment platform "Afaak," while exploring opportunities for collaboration with China in regional payment systems. The goal is to support cross-border trade and investments and increase the flow of funds between economies. He also stressed the need for continued exchange of expertise and the implementation of joint studies to enhance financial cooperation and expand the use of digital payment systems.

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