Saudi Trade Finance Summit

The value of Saudi Arabia’s international trade posted a new record with an annual increase of 48.5 percent after its volume reaching SR516 billion in the first quarter of 2022. The trade surplus jumped to SAR 90.27 billion in May of 2022, compared to SAR 34.37 billion a year earlier.

Government, regulators, corporates, tech-providers, and financial institutions are all working towards the Vision 2030 goal of diversifying the Saudi economy. The Saudi Trade Finance Summit (STF) augments the FSDP objectives under Vision 2030 of achieving financial diversity, inclusiveness and development of the private sector by strengthening the Kingdom’s trade with international markets, thereby serving as an enabler in raising the share of the country’s non-oil exports in the non-oil GDP from 16% to 50% by 2030.

In the 10th year of the Saudi Trade Finance Summit, the summit strives to support Saudi Arabia’s export development vision by bringing 350+ stakeholders to advance the Kingdom’s international trade and investments by promoting non-oil exports to new markets’, improve the efficiency of the trading environment as well as strengthen its position as a regional and global business hub.

Further, the summit aims to tackle challenges that form the crux of the problem by optimizing access to adequate trade & supply chain financing solutions and fostering confidence for new trade partners via availing credit insurance and mitigating risk factors. The platform also addresses the vital role played by digitization in the trade & supply chain landscape in driving efficiency, cost optimization & risk management across the value chain.

The two-day summit addresses some of the latest challenges and resultant opportunities for Saudi’s trade finance sector including optimal liquidity management for Saudi exporters, suppliers and SMEs, supply chain financing, accelerated adoption of digitization & technological innovations for optimizing trade finance, managing inherent risks as well as sustainable development of the sector form the major areas of discussion.