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Al-Jadaan discusses new finance approaches
Saudi Finance Minister Mohammed Al-Jadaan emphasized that Saudi Arabia's Vision 2030 has contributed to expanding funding and investment channels, along with improving the legal environment for the fintech sector. He explained that the third phase of the vision focuses on sustaining the impact of economic transformation, by strengthening deeper and more competitive financial sectors that support the national economy and attract new investments. He also affirmed that successful financial systems must be innovative and flexible, capable of adapting to changes while ensuring financial stability. He cited the inclusion of Saudi sukuk (Islamic bonds) among emerging market indices as evidence of progress, highlighting the importance of expertise in technological development and risk management.
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