Strategic Objectives

SAMA's Sandbox directly connects with Saudi Vision 2030, which endeavors to reinforce economic growth and investment activities. The Vision has been further developed into 12 Executive Programs, which include the 'Financial Sector Development Program' (FSDP). The FSDP program seeks to develop the financial industry as a diversified and effective financial services sector to support the development of the national economy by stimulating savings, finance and investment, as one of the Financial Sector Development Program pillars is the FinTech strategy which contributes to facilitating business practices, increasing the percentage of private sector and small and medium enterprises contribution to the economy, attracting foreign direct investment, and developing the digital economy. To achieve this, SAMA's Regulatory Sandbox aims to attract local and International FinTech businesses that are looking to leverage existing or new technology in an innovative way to deliver new financial products or services to the KSA market. The target audience includes, but is not limited to, local and international Start-ups, FinTechs, established financial services firms and professional services companies partnering with or providing support to such businesses.​