The two sides signed a good will declaration document citing the enhancement of cooperation in a number of areas related to the financial sector, including banking services, financial technology, sustainable finance and insurance

The finance ministers of Saudi Arabia and Switzerland held a meeting – part of the annual Saudi-Swiss Financial Dialogue in Riyadh on Sunday to review bilateral cooperation and explore new initiatives to boost economic activities between the two countries.

The two ministers also signed a goodwill declaration document citing the enhancement of cooperation in a number of areas related to the financial sector, including banking services, financial technology, sustainable finance and insurance.

The two also emphasized the need for enhancing the role of Switzerland in its capacity as a strategic partner of the kingdom in its drive to achieve its Vision 2030.

Saudi minister of finance Mohamed bin Abdullah Al-Jadaan, while inaugurating the bilateral dialogue, drew attention to the challenges facing the global economy.

He also highlighted the importance of providing appropriate green finance, citing the role the Swiss Federation can play in its capacity as host of leading world finance institutions. For his part, the Swiss minister of finance lauded the strong Saudi economy.

Source: Arabian Business