April 25th, 2019 was the 3rd anniversary of launching Saudi Arabia vision 2030 where all the economic reforms have started since then.
An ongoing question might arise about why Saudi Arabia starts the first financial conference after three years from launching Saudi vision 2030.
First of all, Saudi Arabia cares very much about its credibility, with very high sensitivity, Saudi Arabia effectively do something once being able to walk the talk as Saudis credibility is number one priority.
That being said, if Saudi Arabia started this financial conference earlier, thus may have affected the stabilisation of the regional and global financial market As Saudi economic reforms haven't advanced much before as now.
With regards to Saudi Arabia vision 2030 programs, some of these programs moving forward in barrelel moves, and some moving forward in sequential moves. Hence, something should happen before taking further step that should depends on other developments.
This is why Saudi Arabia is the safety valve in stabilising the wold economy and contributing to stabilising the world geopolitics. Hence, there might be a sequential link for launching the first financial conference in Saudi Arabia after few weeks from offering the first Saudi Aramco bond.
In order to build a solid international financial market, it means that you must show the foundation for financial commodities and its products. Saudi Aramco bonds might be only a start, afterwards others bonds for other companies might be issued.
This comes in an essential time when Saudi Arabia is in the process of building a strong financial market to accommodate the offerings of shares such as Aramco of that will be undertaken locally.
And possibly foreign companies that would like to put their shares on the Saudi market. Then sitting the stage for a strong financial market will enable Saudi Arabia to accommodate huge IPOs locally if the decision is to be made accordingly.
We don't have only Saudi Aramco IPO but also Saudi Aramco acquisition as a significant stakeholder in many international downstream and petrochemical businesses in the major consuming nations and the strong economies.
This is a substantial economic move with strategic aiming. Saudi Arabia has a promising economy, according to a plan that has clear vision and strategies, vast reserves of oil and gas, and a young population headed by the crown prince Mohammed bin Salman.
It is no surprise that investors are confident of the strength of Saudi Arabia's economy and the qualitative leap it is making with the Saudi vision 2030.