Middle East

London forum focuses on Saudi fintech future

Author: ARAB NEWSID: 1531603167283628700Sun, 2018-07-15 00:19

JEDDAH: Investment opportunities in Saudi Arabias growing financial technology sector were highlighted during a London forum that attracted entrepreneurs, monetary funds, banks and financial institutions.
The event was organized by the Saudi Arabian General Investment Authority (SAGIA).
SAGIA revealed a range of investment opportunities in the Kingdoms financial technology sector — in addition to the Vantec Saudi initiative — through a dialogue session that included representatives of Saudi bodies including the General Authority for Investment, the Capital Market Authority, the Small and Medium Enterprises Authority, and the Saudi Arabian Monetary Agency represented in Vantec.
Financial technology companies suggested ways of cooperation between investment institutions and emerging companies to the audience.
SAGIA aims to contribute to the development of small and medium enterprises related to Vantec, and to stimulate the financial technology sector in the Kingdom.
SAGIA is responsible for following up and assessing investment performance and alleviating the difficulties encountered by investors.
Vantec promotes the Kingdoms financial technology industry by bringing public and private institutions together to encourage a culture of innovation.

Main category: Saudi ArabiaTags: Saudi ArabiaSaudi economy SAGIA aims to get Kingdom in top 20 for ease of doing business by 2020SAGIA: US investment in Saudi Arabia worth over $55bn


Arab News


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