The inaugural Saudi-Swiss Fintech Forum is set to take place in Riyadh on November 24-25, 2024, showcasing the growing economic relationship between Saudi Arabia and Switzerland.
Saudi Arabia's ongoing economic reforms, aimed at diversifying the economy and reducing reliance on oil, have made it an attractive destination for international business. Trade volume between the two countries has been steadily increasing, highlighting the potential for further collaboration in sectors such as infrastructure, healthcare, and information and communication technology.
The Saudi government has implemented measures to facilitate international trade, including simplifying visa regulations and customs procedures, making it even more appealing for Swiss firms.
Saudi Arabia's Fintech sector is experiencing rapid growth, with the government aiming to establish 525 Fintech companies and create 18,000 jobs by 2030. The supportive regulatory environment and significant investments in the sector position Fintech as a key driver of economic growth.
Swiss companies, known for their expertise in financial technology, are well-positioned to capitalize on these opportunities.
The Saudi-Swiss Fintech Forum, organized by Switzerland Global Enterprise, Fintech Saudi, and the Swiss Embassy in Riyadh, aims to showcase Switzerland's innovative capabilities in the Fintech space. The forum will provide a platform for Swiss Fintech companies to connect with decision-makers and industry experts from Saudi Arabia, fostering discussions around potential business opportunities.
The event has garnered strong interest from Swiss companies, with over 30 already registered and more expected to join. Some Swiss Fintech firms based in Dubai have also expressed interest in participating, highlighting the interconnectedness of the regional Fintech landscape.
The Saudi-Swiss Fintech Forum is expected to strengthen economic ties between the two nations and drive collaboration in the Fintech sector, positioning Saudi Arabia as a key player in the global Fintech arena.