Saudi Press

Saudi Arabia and the world
Sunday, Jun 22, 2025

Euromoney conference focuses on Saudi Arabia’s economic performance, future strategies

Euromoney conference focuses on Saudi Arabia’s economic performance, future strategies

Top Saudi officials on Wednesday expressed satisfaction over the “strong” economic recovery of the Kingdom following the COVID-19-induced global economic slowdown and highlighted the initiatives to transform the country into a global hub of innovation and investment.

They spoke at the Euromoney Saudi Arabia Conference held on Wednesday in the Saudi capital Riyadh in partnership with the Financial Sector Conference. Over 1,500 people from 30 countries were registered to attend the event, which sought to analyze the Kingdom’s economic performance and its future strategies.

Focused on “The Institutionalization of Investment and Finance,” the event provided a platform for senior policymakers, financiers and investors to network and exchange ideas while addressing a range of issues.

Experts discussed topics such as: “Saudi Arabia’s economy in the context of the global macro outlook”, “ESG and climate change: Does ESG matter in Saudi?,” “The institutionalization of the real estate market – housing, logistics, tourism, hospitality and revitalization of REITS,” “The digitalization of financial services and what Saudi’s banking sector might look like in three years’ time,” and “The development of venture capital in the Kingdom.”

Comprehensive reforms


In his opening remarks, Saudi Finance Minister Mohammed Al-Jadaan said: “Hosting this important event comes in conjunction with continuing to reap more positive results from the comprehensive reforms that our country has witnessed over the past years achieving the objectives of the programs of the Kingdom’s Vision 2030.”

He noted that “in spite of the several challenges the world has faced over the past few years, the Saudi economy has emerged stronger than ever, as the non-oil economy grew by 5.4 percent in the second quarter of 2022 in real terms compared to the same period in the previous year.”

Capital market


Mohammed ElKuwaiz, chairman of the Capital Market Authority, which is Euromoney Saudi Arabia Conference’s supporting body, said: “Saudi Arabia has emerged from the COVID-19 pandemic with better and more improved performance than most countries. While the world’s economies are witnessing a decline in their economic activity, Saudi Arabia is witnessing major economic growth as projections indicate that the Kingdom’s economy will expand at a rate of 7.6 percent, making it among the top 10 growing economies during 2022.

“This is a great indication that the Kingdom is on track with its plans, as this swift economic development will enable Saudi Arabia in achieving its vision of being within the 15 largest economies in the world by 2030.”

He said to achieve these ambitious goals, it is necessary to build new sectors, which require intensifying investment rates in the national economy.

For the first time, we are witnessing the transformation of the Kingdom from an exporter of funds to an importer of funds, the CMA chief added.

He said the Kingdom has launched various national programs and initiatives to promote investment in the local economy. “This coincided with the opening of the Saudi stock market to foreign investors and its inclusion in global indices.”

Housing projects


Minister of Municipality, Rural Affairs, and Housing Majed Al-Hogail said: “Our main goal is to provide the necessary supply to the market, we intend to tackle such challenge by offering large numbers of new housing projects from government land.”

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
Trump's Anti-War Stance Tested Amid Israel-Iran Conflict
UK Deploys Jets to Middle East Amid Rising Tensions
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
Black Box Recovered from Air India Crash Site
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
Israeli Forces Intercept Gaza-Bound Aid Vessel Carrying Greta Thunberg
IMF Warns of Severe Global Trade War Impacts on Emerging Markets
Syria to Reconnect to Global Economy After 14 Years of Isolation
Israel Confirms Arming Gaza Clan to Counter Hamas Influence
Global News Roundup: From Ukraine's strategic military strikes and Russia's demands and Tensions Escalate in Ukraine, to serious legal issues faced by Britons in Bali and Trump's media criticism, the latest developments highlight a turbulent landscape
U.S. Reduces Military Presence in Syria
Trump Demands Iran End All Uranium Enrichment in Nuclear Talks
Iran Warns Europe Against Politicizing UN Nuclear Report
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
×