The Saudi economy has exceeded expectations, and we seek to accelerate the pace of reforms

The Minister of Finance, Muhammad Al-Jadaan, affirmed that the Kingdom was able to deal with the challenges of the current situation, thanks to a package of policies that the government implemented proactively, and contributed to limiting the impact of these challenges.

Al-Jadaan stressed the tangible developments and results achieved by the Saudi economy, on the economic and financial front, during the year 2022, as it exceeded previous local and international expectations.

The minister’s statements came in anticipation of the capital, Riyadh, hosting the second edition of the financial sector conference, on March 15 and 16, at the King Abdulaziz International Conference Center, with the participation of decision-makers in the financial sector, and senior executives in financial institutions locally, regionally, and internationally, along with a group of international investors, and businessmen. business, as well as specialized academics.

The Minister of Finance, Chairman of the Financial Sector Development Program Committee, linked the convening of the second edition of the Financial Sector Conference to the important stage the world is witnessing, amid the anticipation of regional and international financial circles, and their aspirations to confront and overcome the challenges in the global economy, starting with slow growth rates and high inflation rates, and ending with The state of uncertainty, which was reflected in the fluctuations in global supply chains.

He reaffirmed that the Kingdom seeks to advance at a higher pace in the process of implementing comprehensive structural reforms, including reforms in the financial sector, by implementing strategies, programs and projects that drive sustainable economic growth and raise the quality of life in accordance with the Kingdom’s Vision 2030, in a way that achieves high growth rates and provides opportunities. Greater employment, in addition to raising the level of basic and social services, strengthening the role of the private sector, developing local content and local industry, and at the same time strengthening the strong financial position of the Kingdom.

The agenda of this year’s conference witnesses a discussion of important topics that reflect the realistic connection with the concerns and aspirations of the financial community, including opportunities and challenges facing the global economy, shortages in the supply chain, the effects of the pandemic that has been going on for a long time, and other factors that slow growth in several parts of the world. and severely affect the financial sector, its system and its customers.

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