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’s Finance Minister Mohammed Al-Jadaan declared Saturday that the international community is rallying behind Syria following the ouster of President Bashar al-Assad in December 2024, ending over a decade of isolation and conflict.
Saudi Arabia is discussing a defence deal with the United States which it hopes to seal when Crown Prince Mohammed bin Salman visits the White House next month, the Financial Times reported on Friday, citing people familiar with the matter.
U.S. President Donald Trump said he expected an expansion of the Abraham Accords soon and hopes Saudi Arabia will join the pact that normalized diplomatic relations between Israel and some Arab states.
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