A 30 strong delegation of UK fintech companies and investors is heading to Saudi Arabia to capitalize on the Kingdom’s financial services reforms.
The Kingdom is now well on track to become a regional fintech leader © Mena Today
A 30 strong delegation of UK fintech companies and investors is heading to Saudi Arabia to capitalize on the Kingdom’s financial services reforms.
The mission, organized by the Saudi British Joint Business Council, will cover a three-day programme in Riyadh, and runs from Jan. 29-31.
The visit comes as Saudi Arabia continues to lead the way for attracting investment, and was first in the Middle East and North Africa region in volume of venture capital in 2023, with a 33 percent growth to a record total of $1.4 billion.
The Kingdom is now well on track to become a regional fintech leader, with the sector representing between 60-70 percent of early-stage deal flow.
Saudi Arabia has strongly condemned the visit of Israeli National Security Minister Itamar Ben Gvir to the Al-Aqsa Mosque compound in East Jerusalem on Wednesday, calling it a provocation and denouncing what it referred to as “Israeli aggression” against the holy site.
U.S. President Donald Trump is preparing to make Saudi Arabia his first foreign stop of his second term, with a high-stakes visit expected in mid-May, according to Axios, citing U.S. officials and a source familiar with the trip.
The General Authority for the Care of the Affairs of the Grand Mosque and the Prophet's Mosque (Saudi Arabia) has reported that a total of 122,286,712 worshippers visited the holy sites during the month of Ramadan 1446 AH.
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