Riyadh: The Saudi Ministry of Finance concluded, on 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 Bin Zaraah, and Swiss State Secretary for International Finance Daniela Stoffel, with the participation of representatives from governmental and financial institutions from both countries, according to the press release.
According to Saudi Press Agency, in his opening remarks, Assistant Minister Bin Zaraah 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 the public and private sectors, while expanding their reach into new financial instruments and technologies, and 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 Bin Zaraah noted that Saudi Vision 2030 was designed to emphasize the private sector's pivotal role. '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 gross domestic product (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 among the most stable in the world, as recognized by numerous international organizations, including the recent IMF Article IV Consultation report, which praised the Kingdom's financial system's stability 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.