His Excellency the Minister of Finance, Mohammad Al-jadaan, in the presence of the Swiss Minister of Finance, Ueli Maurer, inaugurated the third Saudi-Swiss financial dialogue, in Riyadh, today, Sunday, November 27, 2022.
At the beginning of his opening speech, His Excellency the Minister of Finance welcomed the visit of the Swiss Finance Minister, Mr. Ueli Maurer, and his accompanying delegation to the Kingdom, referring to the distinguished historical relations between the two friendly countries that extend for more than six decades.
His Excellency reviewed areas of cooperation in promising sectors, especially in the FinTech sector. He also touched on the challenges facing the global economy, including providing appropriate green financing, commending 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" financing flows for all energy sources, and to explore the enormous opportunities provided 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 Swiss financial institutions and relevant entities in the Kingdom.
For his part, the Swiss Finance Minister commended 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.
After that, the signing ceremony of the declaration of intent document took place between His Excellency Al-jadaan and his Swiss counterpart, as the document included strengthening cooperation in a number of areas related to the financial sector, including: banking services, FinTech, sustainable financing, and insurance.