Saudi Arabia has Historic, Solid Relationship with Switzerland, says Finance Minister

Saudi Arabia has Historic, Solid Relationship with Switzerland, says Finance Minister

Minister of Finance Mohammed bin Abdullah Al-Jadaan confirmed that Switzerland has a strong and highly developed banking sector, and is building the financial technology sector, noting that the Kingdom has succeeded in developing a strong financial sector, as Non-oil GDP growth rate rose from 17.4% in 2018 to 18.3% in the second quarter of 2019.

This has come, in a speech, during the opening of the Saudi-Swiss financial dialogue in Riyadh, in the presence of the President of the Swiss Confederation Ueli Maurer.

At the beginning, he welcomed the Swiss President and accompanying delegation in their second country Saudi Arabia, expressing his delight to launch the first round of financial dialogue between the Kingdom and Switzerland, referring to the strong historical relationship between the Kingdom and Switzerland, especially in the financial sector, pointing out that the Kingdom recently granted the banking license to Credit Suisse to operate in the Kingdom.