- Minister of Housing: Mortgage and mortgage regulations and the preparation of a housing strategy were the most important developments
- Minister of Finance: Saudi Arabia is witnessing financial stability as a result of rational and effective economic policies
- The conference honors a number of national institutions, companies and banks for their outstanding financial and developmental performance

Riyadh-Amlak
The two-day Euromoney Saudi Arabia Conference, which concluded on May 7-8, discussed the Kingdom's growing role as a regional and global financial center and addressed a number of important financial issues currently under discussion in the Kingdom.
Organized by the Ministry of Finance in cooperation with the Euromoney International Investor Foundation, the conference, which was held at Prince Sultan Hall in Riyadh, was attended by ministers and heads of authorities from local, regional and international organizations. The conference also discussed a number of important financial issues in the Kingdom in the presence of: Minister of Finance, Dr. Ibrahim Al-Assaf, Minister of Housing, Dr. Shuwaish Al-Duwaihi, Minister of Economy and Planning, Dr. Mohammed Al-Jasser, Minister of Commerce and Industry, Dr. Tawfiq Al-Rabiah, Governor and Chairman of the Saudi Arabian General Investment Authority (SAGIA), Engineer Abdullatif Al-Othman, and Chairman of the Capital Market Authority, Dr. Mohammed Al-Sheikh.

<Financial and economic stability
Minister of Finance Dr. Ibrahim bin Abdulaziz Al-Assaf said that the financial, economic and monetary stability in the Kingdom is due to policies that contributed to achieving good economic performance over the past years, which enabled the national economy to achieve a real growth rate of nearly 7 percent last year, supported by the effective performance of the private sector.

Al-Assaf said while addressing the Euromoney Saudi Arabia Conference at its eighth session: The political, security, economic and financial stability enjoyed by the Kingdom despite the financial, economic and political crises experienced by many countries came thanks to God and then thanks to the efforts of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud - may God protect him - who leads the reform process in all fields and feels the needs of the citizen and the homeland, adding that Fitch Ratings recently raised the Kingdom's sovereign rating to a high degree (-AA) with a positive outlook, stressing that the Kingdom will continue to promote the economic development process and provide an encouraging and stimulating investment environment for the private sector and support the confidence of investors to develop The Medina Airport project, the desalination project at King Abdulaziz International Airport in Jeddah, and the water contract project in Jeddah.

Mortgage and housing strategy
For his part, Minister of Housing Dr. Shuwaish bin Saud Al-Duwaihi highlighted the role played by the Ministry in its efforts to achieve the objectives of the National Housing Strategy, provide adequate housing for citizens and implement the royal orders in this regard: The conference was accompanied by many developments that added several new elements to the equation, which will positively affect the support of the housing sector, pointing out that the most important of these developments are the approval of mortgage and mortgage finance laws and regulations and the completion of the preparation of the National Housing Strategy and its submission for adoption in accordance with the statutory arrangements followed, which dealt in depth with the issues of financing and partnership, analyzed them and proposed solutions to them, and called for increasing the contribution of the private sector, making it the main role in building and providing housing.

Minister of Housing, Dr. Shuwaish bin Saud Al-Duwaihi

The Kingdom's economic policies

<For his part, Minister of Economy and Planning Dr. Mohammed bin Sulaiman Al-Jasser said in his speech during the conference: The Kingdom's economic policy package consists of three distinct elements: Fiscal policy is mostly managed by the Ministry of Finance, monetary policy is mostly managed by the Saudi Arabian Monetary Agency - the Kingdom's central bank - and then comes the third element, which is what he called the structural adjustment policy that the Ministry of Economy and Planning is very interested in in cooperation and coordination with other relevant government agencies, and explained that these three elements meet in an integrated system in which sustainability is a guiding principle, a driving force that drives it and a comprehensive goal it seeks to achieve: Counter-cyclicality on the one hand, and prudence and prudence on the other, which are intentional and not accidental.

The Minister of Economy and Planning described the Kingdom's fiscal and monetary policy as having two main characteristics.

Discussion Sessions
This year's Euromoney conference focused on the role of Sukuk and bonds in the development of capital markets after the pace of Sukuk issuance accelerated significantly during 2012 and early 2013 as new issuers entered the market. The main sessions of the conference analyzed the Saudi Sukuk and how the Sukuk market fits into the government's plans for economic development in the Kingdom, with the participation of experts and financial leaders from within the Kingdom, in addition to reviewing the growth of Sukuk in the Kingdom. Honoring sponsors and distinguished guests:
The conference honored a number of companies, banks and national institutions that sponsored the conference and several companies, institutions and banks were honored for their outstanding performance in their field. Their representatives received certificates and appreciation awards.