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The updated data has shown a positive and growing rise in the inflows of foreign direct investment (FDI) in Saudi Arabia.
  • This program aims to directly link the technical systems of government agencies and banks operating in the kingdom through the Saudi Central Bank.
  • The Central Bank stated that, through the “Tanfeeth” program, it aims to improve and develop joint business with government agencies.

The Saudi Central Bank (SAMA) has completed electronic linking procedures with the Saudi Center for Economic Business through the “Tanfeeth” program.

This program aims to directly link the technical systems of government agencies and banks operating in the kingdom through the Saudi Central Bank in a way that contributes to automating and accelerating business processing, in order to achieve the goals of the Kingdom’s Vision 2030.

The Central Bank stated that, through the “Tanfeeth” program, it aims to improve and develop joint business with government agencies, and work to understand the needs of those agencies, and to overcome obstacles and the difficulties encountered in the joint relationship with them.

A media report said the program comes in achieving the strategic objectives of the Central Bank of Saudi Arabia, strengthening the technical infrastructure, and raising the level of services, in a way that contributes to shortening administrative procedures and raising the level of their quality and speed of completion.