What was still impressive was how they were able to weave it around their panel discussions on such short notice. It would've been an impressive feat if Silicon Valley Bank's (SVB) collapse was not brought up during the conference. Enoch Godongwana said: 'South Africa has no other option but to take that direction in 2023.' He further added that the public systems need to also drive in that path. He also touched on digitalisation and the major role it will play in the future, expressing that even in G20 it is one of the 'key' elements and the global economy is moving towards that approach. South Africa's Minister of Finance further went on to praise Saudi Arabia's use of their resources, complementing how the Middle Eastern giant has used their resources to develop their technology, and at the moment, they are now one of the leading 'major countries in the hydrogen space.' They might not have, in some instances, the right technology - but they have the resources.' When asked why now is the right time to invest in Saudi Arabia, he hinted at a possible collaboration with the country, saying: 'They have the resources. Enoch Godongwana spoke with us on the future of South Africa pushing forward to become a net-zero nation. Interview with South Africa's Minister of Finance IBTimes UK The when, on the other hand, is still an uncertainty. Although he said he was quite confident that they would get there. Nonetheless, Mr Alkhudairy did admit that 'I am not an economist' and couldn't give an honest prediction on when the country's economy will achieve $1.7 trillion. The Chairman believes 'multiple books' will be written about Saudi Arabia, given that the nation was able to transform itself in such a deliberate and assertive manner within a short time frame. So now we have new targets for homeownership and new targets for women inclusions.' 'The leadership has not only shown that they are able to deliver on these targets, but they will aspire to beat these targets and set new targets. The aspiration was to have 60 per cent homeownership inclusion by 2023 and 65 by 2025. He said: 'We do a lot of the financing for mortgages in Saudi Arabia. He seemed rather enthusiastic about Saudi's future endeavours and visions, strongly believing that the nation can achieve Vision 2030.įurthermore, Mr Alkhudairy spoke on taking pride in homeownership. When speaking with the Chairman of Saudi National Bank, Mr Ammar Alkhudairy, he stated the 'hard data' that we have today is nothing but impressive. Interview with Chairman of Saudi National Bank IBTimes UK

She went on to share her gratitude for Saudi Arabia's growth and progression, stating: 'This is why I am so grateful for the huge development that has happened for women in the financial sector.' I feel like I have something to say and to share - like I have a chair to sit on at the table.' I don't feel strange or that this isn't my place. 'It feels so good to feel that you have a place in this sector. 'To be honest it feels so good,' said Leena Abdullah Batarfi, the Legal Officer at AlBilad Investments, when asked about how it feels to be a woman in the financial sector in Saudi Arabia. However, they have already surpassed that, currently standing at 33 per cent - almost 7 years ahead of schedule.

The nation aimed to have 30 per cent of women included in the workforce by 2030. What was thoroughly expressed at the conference was Saudi Arabia's Vision 2030's ambitions being steadily on the right track - especially when it comes to women in the workforce. Nonetheless, it would seem that the country's leaders are optimistic about making their ambitions come true. The Middle Eastern giant aims for its GDP to sit at $1.7 trillion by 2030. The nation's GDP has reached a little over $1 trillion, with no plans to slow down. International Business Times UK attended the FSC 2023, where we went to discover why now is the right time to invest in Riyadh, Saudi Arabia. The financial sector development program is only one of the subsets of Saudi Arabia's Vision 2030, with there being 13 programs in total. The event hosted over 3,000 visitors and an additional 60 speakers, with more than 70 corporate participants, 30-panel discussions, and 35 expert focus workshops. Saudi Arabia recently held the second edition of the Financial Sector Conference (FSC) 2023 from March 15th to 16th in its capital city, Riyadh. The Financial Sector Conference (FSC) 2023 hosted over 3,000 visitors FSC.SA

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