Saudi Capital Market Development Discussed with OECD
Riyadh, Saudi Arabia — The National Competitiveness Center (NCC), in collaboration with the Organisation for Economic Co-operation and Development (OECD), hosted a workshop to explore global trends in capital market development, corporate governance, and sustainability. The event brought together seven Saudi government entities to align on key policy directions.
Driving Capital Market Growth
During the session, experts emphasized that capital markets serve as critical engines of economic growth. In particular, they enable companies to access funding for innovation and long-term projects. The workshop addressed equity and debt market development and the policies needed to make capital markets more resilient and appealing to investors.
Focusing on Governance and Risk Reduction
Furthermore, the workshop highlighted the importance of improving corporate governance to reduce legal and operational risks. By doing so, companies can better comply with laws and enhance transparency. According to OECD specialists, these measures help ensure long-term sustainability and attract global investment.
Sustainability as a Long-Term Priority
In addition, participants explored evolving standards around institutional sustainability, including emerging best practices among G20 and OECD countries. The discussion pointed out how reforms can support Vision 2030 goals by strengthening the foundations of Saudi Arabia’s financial ecosystem.
International Collaboration for Competitiveness
The NCC reiterated its commitment to global partnerships, especially with organizations like the OECD. These relationships provide vital technical expertise and support evidence-based policy development. Moreover, they allow Saudi Arabia to benefit from proven practices in global competitiveness.
