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The Financial Sector Development Program is one of the programs launched by The Saudi Council for Economic and Development Affairs with the goal of achieving the objectives outlined in Vision 2030.

It aims to build a diversified and robust financial sector that can effectively contribute to the development of the national economy by encouraging savings among individuals, attracting investments and strengthening Saudi Arabia’s financial sector institutions. The Program will effectively transform the financial market in Saudi Arabia into an advanced market that provides innovative financial solutions for all segments of Saudi society.

The Financial Sector Development Program (FSDP) aims to:

Reduce Saudi Arabia’s dependence on oil revenues and promote the development of the private sector to be the main driver of the local economy.

More about FSDP

FSDP is based on three key pillars

Promoting and enabling financial planning.

Enabling financial institutions to support private sector growth.

Ensuring the creation of an advanced capital market.