The Saudi Ministry of Finance has concluded the fifth Saudi-Swiss Financial Dialogue in Riyadh on November 17, 2025. The event was co-chaired by Abdullah A. BinZaraah, Saudi Assistant Minister of Finance for Macro-Fiscal Policies and International Relations, and Daniela Stoffel, Swiss State Secretary for International Finance. Representatives from governmental and financial institutions from both countries participated in the meeting.
In his opening remarks, Assistant Minister BinZaraah said that the financial sector is a core element of national economic strategies for both Saudi Arabia and Switzerland. He stated that both nations aim to lead in financial affairs across public and private sectors while expanding into new financial instruments and technologies. He also mentioned their commitment to high standards of governance, legislation, and regulation to ensure stability and encourage innovation.
During a roundtable with private sector representatives held alongside the dialogue, BinZaraah highlighted the importance of the private sector in Saudi Vision 2030. “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.
BinZaraah also pointed out that Saudi Arabia’s financial system is considered among the most stable globally according to several international organizations. He referenced a recent IMF Article IV Consultation report that praised this stability despite global economic fluctuations.
The Saudi-Swiss Financial Dialogue aims to strengthen financial partnerships between both countries. It supports efforts toward expanding economic cooperation aligned with Saudi Vision 2030 objectives, promoting non-oil sector development, and positioning Saudi Arabia as an international financial center.
