CMA prepares program to accomplish Saudi Vision 2030 based on instructions of Council of Economic and Development Affairs
02/10/2016

​In order to execute the instructions of the Council of Economic and Development Affairs, the Capital Market Authority (CMA) has started to prepare a program to accomplish the 2030 vision of the Kingdom of Saudi Arabia based on its (2015 – 2019) strategic plan. This comes as part of CMA's belief in its role in the national economy and the part it plays to develop the capital market to be one of the important contributors to the investment power in the (Saudi Vision 2030).

His Excellency  Mohammed Abdullah Aljadaan, chairman of the Capital Market Authority, explained that the Council of Economic and Development Affairs instructed CMA to prepare and build a separate program to achieve the (Saudi Vision 2030) which would emphasize the importance of the Capital Market in contributing to the growth of the national economy and becoming a leading investment power, in addition to the responsibility to all related legislative and follow up entities in the upcoming period.

CMA's program to achieve (Saudi Vision 2030) will aim to attract national and foreign investment to the Saudi Capital Market so it would be an integral part in developing the economy and diversifying its sources.

The program will be consistent with CMA's strategic plan established in 2015. The plan's initiatives accounts for a large portion of the components of the program, in order to achieve a number of objectives as stated in the (Saudi Vision 2030).

The objectives of the program include: supporting the diversification of investment products, promoting and facilitating investing to all segments of investors, strengthening the role of the Saudi Capital Market in providing the necessary funding for projects, in addition to developing infrastructure and financial stability as  well as raising the level of transparency and governance.