Financing event Money 20/20 Middle East spotlights financial technology on its largest platform to date

The Saudi Arabian city of Riyadh will play host to the Money 20/20 Middle East event from September 15 to 17, a significant milestone in the realization of the country's Vision 2030. This blueprint, designed to develop a financial infrastructure that will support a fully digital financial ecosystem, positions Tahaluf, a Riyadh-based company, at the epicenter of a fast-growing region.

Founded by Fadi Ghandour in 2022, Tahaluf has experienced exponential growth, with annual revenues projected to exceed US$200 million by 2025. According to Stax Consulting, this projected revenue would rank Tahaluf among the top 20 global event organizers. The strong partnerships and government support have been instrumental in Tahaluf's growth, contributing to the kingdom's ambition to establish itself as a financial center to rival that of London, New York, Singapore, and Hong Kong.

The event, which promises to set the global benchmark for shaping the industry's future, is expected to attract an estimated 45,000 attendees, with a significant proportion from Hong Kong and mainland China. Leading figures from the fintech and digital innovation world will attend, further solidifying the kingdom's status as the premier gathering for these sectors.

The success of Tahaluf underscores the potential for rapid development in the region. With the right conditions and support, Tahaluf's growth forecast places it at the heart of a fast-growing industry. The projected year-on-year increase for Tahaluf's revenue is about 35%, a testament to the company's robust growth.

The expected outcome of Vision 2030 is to generate billions of dollars in economic value. The Saudi Arabia's Money 20/20 Middle East event serves as a launch pad for this ambition, aiming to solidify the kingdom's status as a global fintech hub. The event is not just a gathering, but a stepping stone towards a fully digital financial ecosystem, a vision that is increasingly becoming a reality under the guidance of Vision 2030.

Financing event Money 20/20 Middle East spotlights financial technology on its largest platform to date