RIYADH: Saudi Vision 2030 is the foundation for a new era in the Saudi economy, says Mohammed Abdullah Aljadaan, chairman of the Capital Market Authority (CMA).
The vision document, prepared by the Council of Economic and Development Affairs, led by Deputy Crown Prince Mohammed bin Salman, aims to achieve diversification in the national economy and its ultimate integration into the global economy.
“This thus aligns with the development needs in keeping with the interests of the Kingdom. It will work to provide employment and investment opportunities while preserving the principles on which the Kingdom was built,” Aljadaan added.
The CMA, with the mandate of developing, legislating and overseeing the capital market, is in the midst of amending and updating its rules and regulations to ensure that the authority remains an enabler of Vision 2030, he said.
The CMA 2015-2019 strategic plan was approved by the Council of Economic and Development Affairs, which suggested inclusion of initiatives that are in line with Vision 2030.
The CMA is working to facilitate the inclusion of new investment products in the Saudi capital market, while expanding the funding base for the private sector, Aljadaan stated.
He added that the CMA has taken several steps to expand the capital market base and attract companies from different sectors.
The CMA is also working on developing the Saudi debt and derivatives markets to provide investors with additional financial tools, he added.
CMA to give its best for success of Vision 2030
CMA to give its best for success of Vision 2030
