As per International Monetary Fund non-oil growth in the GCC will expand further in 2019 and 2020 on the back of fiscal stimulus and fast-track preparations for Expo 2020 Dubai and NEOM project in KSA. This momentum is also expected to strengthen further in the coming years.
Financial Technology has been one of the prime drivers of the economy helping transform and achieve their respective national goals and visions. In the GCC, the BFSI industry is forecasted to spend over USD 13 Billion annually on technology.
Last October we hosted one of the biggest Fintech gatherings in the region with 400 attendees to highlight the benefits of Financial Technology, reviewing benchmark for the best practices and building collaborative capacity.
Continuing our efforts to support the regional Fintech ecosystem, we are hosting the Enterprise Fintech Summit in Dubai. The summit will host more than 500 leading BFSI decision maker across Middle Eastern Banking and financial sector, who will privately meet to discuss sector transformation and disruptive topics such as banking 2025, digital DNA, RegTech, micro-financing, artificial intelligence, robotics, financial inclusion, blockchain, and real-time data analytics.