Saudi Trade Finance Summit focuses on Vision 2030 opportunities

The Saudi Trade Finance Summit, described as the only premier initiative for trade finance development in the Kingdom, will open its doors at Le Meridien in Jeddah today (Tuesday), with the support of the Jeddah Chamber of Commerce and Industry (JCCI).
With Saudi Arabia going through a major transformation and the National Transformation Plan (NTP 2020) attracting the public interest and inspiring the private sector to contribute to the diversification of the Kingdom’s economy, the summit is designed to discuss the future of trade developments. 
 Under the theme, Shaping the Kingdom’s economy: A bright future unfolds, the fourth annual Saudi Trade Finance Summit is bringing together government regulatory authorities, finance professionals from major corporates along with top financial institutions and technology solution providers to discuss current trade trends and challenges faced by organizations in order to create a thriving economy for the Kingdom.
 After successfully hosting the previous three editions in Riyadh, the summit organizer’s QnA International are bringing the event to Jeddah and have received an overwhelming response from the regional businesses.  
 Speaking about the summit, Sidh N.C, director, QnA International, said: “The STF summit serves as a crucial platform for connecting the key stakeholders for trade finance development in the Kingdom and highlight the future trends for the trade finance business in the Kingdom.” 
As trade business is a dominant contributor to the country’s GDP, appropriate trade related solutions catered to clients through new concepts, products, and solutions need to be provided and conferences such as the STF Summit can increase awareness of the latest developments in this important field, emphasizes Anjum Noman Mirza, head-trade finance sales and solutions department, corporate banking group, Banque Saudi Fransi (BSF), who have been supporting the summit as a platinum sponsor for the past few years.