Saudi Ministry Of Finance Concludes 5th Saudi-Swiss Financial Dialogue In Riyadh To Enhance Economic Cooperation

The Saudi Ministry of Finance wrapped up the 5th Saudi-Swiss Financial Dialogue on 17 November 2025 in Riyadh. This event was co-led by Abdullah Bin Zaraah, Saudi Assistant Minister of Finance for Macro-Fiscal Policies and International Relations, and Daniela Stoffel, Swiss State Secretary for International Finance. Representatives from both nations' governmental and financial sectors participated.

During the dialogue, Assistant Minister Bin Zaraah highlighted the importance of the financial sector in national economic strategies for both Saudi Arabia and Switzerland. He noted that both countries aim to lead in financial matters across public and private sectors. They are also focused on exploring new financial tools and technologies while maintaining high governance standards to ensure stability and foster innovation.

At a roundtable meeting with private-sector representatives, Bin Zaraah discussed Saudi Vision 2030's emphasis on the private sector's crucial role. "We recognize that our close partnership with the private sector is fundamental to competitiveness," he stated. This collaboration has boosted private investment's share of GDP, aiding economic diversification and enhancing financial services.

Bin Zaraah further explained that non-oil economic activities now make up over half of Saudi Arabia's GDP. These activities remain a primary driver of economic growth, showcasing the success of strategies aimed at diversifying the economy beyond oil reliance.

The Assistant Minister also pointed out that Saudi Arabia boasts one of the world's most stable financial systems. This stability has been acknowledged by various international bodies, including a recent IMF Article IV Consultation report. The report commended the Kingdom’s financial system for its resilience amid global economic challenges.

The Saudi-Swiss Financial Dialogue is pivotal in strengthening bilateral financial ties. It represents progress toward expanding economic cooperation aligned with Saudi Vision 2030 goals. This platform supports efforts to enhance partnerships and explore new opportunities in finance between the two nations.

Both countries are committed to playing leadership roles in global financial affairs while adhering to rigorous governance standards. Their collaboration aims to encourage innovation and establish new partnerships that will benefit their economies.

With inputs from SPA