Financial Sector Development Program

Sun, 31 May 2026 00:00:00 +0000

The Financial Sector Development Program, usually shortened to FSDP, is the Vision 2030 program for Saudi Arabia’s financial system. It covers capital markets, banking, fintech, payments, insurance, savings, debt markets, asset management, and financial inclusion. The program was launched in 2018 as one of Saudi Arabia’s Vision Realization Programs, with SAMA, the Capital Market Authority, and the Insurance Authority among its core implementing institutions [S1]. Its job is not simply to make the financial sector bigger. The Saudi FSDP is designed to make finance a delivery engine for the wider Vision 2030 economy: more private-sector credit, deeper Tadawul capital markets, broader savings channels, stronger insurance coverage, and a financial infrastructure able to fund investment beyond the state budget and the banking system [S1], [S3].

Vision-2030-Programs on SAUDI VISION 2030 Intelligence Platform

Financial Sector Development Program