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.
French President Emmanuel Macron said on Wednesday he spoke with Saudi Arabia's Crown Prince Mohammed bin Salman, and that the two leaders condemned the resumption of Israeli strikes on Gaza.
Paris has welcomed a new luxury landmark with the grand opening of the Barrière Vendôme Hotel, an opulent five-star establishment that now graces the former headquarters of the Lacoste brand, nestled between Place Vendôme and the Jardin des Tuileries.
Over the past year, three of the Middle East and North Africa's (MENA) largest sovereign wealth funds—the Public Investment Fund (PIF) of Saudi Arabia, the Qatar Investment Authority (QIA), and Abu Dhabi's Mubadala Investment Company—have significantly increased their investments in artificial intelligence (AI), underscoring the region's commitment to technological advancement and economic diversification.
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