Priya Patel
TLDR: A delegation of 30 UK fintech companies and investors will travel to Saudi Arabia to participate in a three-day program organized by the Saudi British Joint Business Council (SBJBC). The mission aims to capitalize on recent financial services reforms in Saudi Arabia and strengthen the bonds between the UK and Saudi fintech industries. Saudi Arabia has become a leading hub for fintech in the Middle East and North Africa region, attracting $1.4 billion in fintech investment in 2023, representing 33% growth year-on-year. The country is targeting 525 fintech companies by 2030 as it aims to become the region’s fintech hub.
A delegation of 30 UK fintechs and investors will participate in a three-day programme in Riyadh, Saudi Arabia, organized by the Saudi British Joint Business Council (SBJBC). The mission aims to deepen ties between the UK and Saudi fintech industries and capitalize on recent financial services reforms in the Kingdom. Saudi Arabia has emerged as a leading hub for fintech in the Middle East and North Africa region, attracting $1.4bn in fintech investment in 2023, representing 33% growth year-on-year. The Kingdom is targeting 525 fintech companies by 2030 to become the region’s fintech hub.
The SBJBC’s mission to Saudi Arabia highlights the country’s growing status as a fintech hub, with the Kingdom already leading the way for attracting fintech investment in the Middle East and North Africa region. Saudi Arabia generated $1.4bn in fintech investment for 2023, representing a 33% growth year-on-year. The country is on track to become a fintech leader in the region, representing 60%-70% of the regional early-stage deal flow. The UK delegation includes representatives from Clifford Chance, Golden Record Ventures, and the NewcastleGateshead Initiative. The mission is supported by the UK’s Department for Business & Trade and the Saudi Ministry of Communications and IT.
Saudia Arabia has become a growing hub for fintech in the Middle East, attracting $1.4 billion in fintech investment in 2023, representing a 33% growth. The country is on its way to becoming a fintech leader in the region, with 60-70% of the regional early-stage deal flow. The SBJBC’s mission to Saudi Arabia aims to deepen the bonds between the UK and Saudi fintech industries and capitalize on recent financial services reforms in the Kingdom. The UK delegation includes representatives from Clifford Chance, Golden Record Ventures, and the NewcastleGateshead Initiative. The mission is supported by the UK’s Department for Business & Trade and the Saudi Ministry of Communications and IT.
The SBJBC’s mission to Saudi Arabia aims to strengthen the relationship between the UK and Saudi fintech industries and leverage recent financial services reforms in the Kingdom. Saudi Arabia has emerged as a leading fintech hub in the Middle East, attracting $1.4bn in fintech investment in 2023, a 33% growth year-on-year. The country is well on its way to becoming a fintech leader in the region, representing 60-70% of the regional early-stage deal flow. The UK delegation includes representatives from Clifford Chance, Golden Record Ventures, and the NewcastleGateshead Initiative. The mission is supported by the UK’s Department for Business & Trade and the Saudi Ministry of Communications and IT.
