Launch of Muni 20/20 Middle East Conference in Riyadh with participation of 600 investors and 350 speakers

Riyadh, September 14 (KUNA) – The second edition of the Money 20/20 Middle East conference kicked off today, Monday, at the Riyadh Exhibition and Convention Center in Malham, with the participation of 600 investors, 350 speakers, and 150 startups from the local and international fintech ecosystem.

Mohammed Al-Jadaan, Saudi Minister of Finance and Chairman of the Financial Sector Development Program (FSDP), said in a speech during the opening that the gathering of financial sector leaders, investors, and innovators in Riyadh reflects the Kingdom’s attractive financial and investment environment, as well as its demonstrated ability to handle changes with confidence and flexibility.

Al-Jadaan noted that the entry of Saudi Vision 2030 into its third phase, which focuses on maximizing impact and building on achievements, reinforces this trend and raises the bar for ambition in the coming stage. This, he added, supports market efficiency, enables private sector growth and competitiveness, and enhances the Kingdom’s capacity to attract capital and expand investment opportunities.

He clarified that the Financial Sector Development Program has, throughout its journey, contributed to consolidating a deeper, more diversified, and better-prepared financial environment by developing legislative and regulatory frameworks, deepening markets, expanding financing and investment options, and preparing the financial infrastructure to accommodate modern technologies and innovative business models.

He stated that the financial sector’s progress is an extension of the transformation journey launched by Saudi Vision 2030, and the enablers and reforms it has provided have contributed to raising market efficiency, expanding the scope of investment and innovation, and consolidating the role of the financial sector as one of the key drivers of economic growth.

The conference, which runs until September 16, features broad participation from financial and technology sector leaders, investors, and startups from Saudi Arabia and around the world. This year’s conference program focuses on the most significant developments reshaping the financial sector, including smart financing, open banking, embedded financial services, payments, regulatory frameworks, access to capital, and cross-border financial infrastructure.

(End) A.S. / A.M.H.