The Saudi Ministry of Finance concluded, Monday, 17 November 2025 in Riyadh, the 5th Saudi-Swiss Financial Dialogue, which was co-chaired by Saudi Assistant Minister of Finance for Macro-Fiscal Policies and International Relations Abdullah A. BinZaraah, and Swiss State Secretary for International Finance, Ms. Daniela Stoffel, with the participation of representatives from governmental and financial institutions from both countries.
In his opening remarks, Assistant Minister BinZaraah emphasized that the financial sector is a core element of the national economic strategies for both the Kingdom of Saudi Arabia and the Swiss Confederation. Both countries seek to play a leadership role in financial affairs across both the public and private sectors, while expanding their reach in new financial instruments and technologies, as well as adhering to high standards of governance, legislation, and regulation that ensure financial stability and encourage innovation and new partnerships.
During the private sector roundtable meeting held on the sidelines of the dialogue, Assistant Minister BinZaraahnoted that Saudi Vision 2030 was designed to emphasize the pivotal role of the private sector. “We recognize that our close partnership with the private sector is fundamental to competitiveness,” he said. “This partnership and collaboration have helped increase the share of private investment as a percentage of GDP and supported our strategy to diversify the economy, while enhancing financial services and innovation to drive inclusive economic growth. As a result, non-oil economic activities now constitute more than half of our GDP and remain the main engine of our economic growth,” he added.
Assistant Minister Bin Zaraah also highlighted that the Kingdom has a financial system that is among the most stable in the world, as recognized by numerous international organizations, including the recent IMF Article IV Consultation report, which praised the stability of the Kingdom’s financial system, despite global economic fluctuations.
The Saudi-Swiss Financial Dialogue serves as a key platform for strengthening the financial partnership between the two countries, representing a step toward expanding economic and financial cooperation in support of Saudi Vision 2030 objectives, promoting non-oil sector development, and enhancing the Kingdom’s position as a global financial hub.
