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Saudi Central Bank Launches Gov’t Banking Services Platform ‘Naqd’

Saudi Central Bank (Asharq Al-Awsat)
Saudi Central Bank (Asharq Al-Awsat)
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Saudi Central Bank Launches Gov’t Banking Services Platform ‘Naqd’

Saudi Central Bank (Asharq Al-Awsat)
Saudi Central Bank (Asharq Al-Awsat)

The Saudi Central Bank (SAMA) introduced “Naqd,” a government banking services platform that enables government agencies to conveniently access their accounts at the central bank and carry out financial transactions securely on a digital platform.
This initiative is part of the central bank's strategy of providing banking services to government agencies and supporting digital development. It aims to digitize the financial operations services of government agencies on their accounts at SAMA through a unified and secure digital platform.
It also facilitates access to account information at all times, enables the management of these accounts, and provides instant monitoring of transactions to and from government agencies’ accounts.
The platform aims to offer electronic banking services that support government financial transactions, improve the user experience, enhance efficiency and productivity in financial transactions using the latest technologies, and reduce the time required to complete government banking procedures.

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Saudi Arabia Seeks to Improve Human Resources to Face Changes in Global Labor Markets

Eng. Anas Al-Mudaifer, CEO of the Human Capability Development Program, speaks during the ceremony (Photo by: Turki Al-Agili)
Eng. Anas Al-Mudaifer, CEO of the Human Capability Development Program, speaks during the ceremony (Photo by: Turki Al-Agili)
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Saudi Arabia Seeks to Improve Human Resources to Face Changes in Global Labor Markets

Eng. Anas Al-Mudaifer, CEO of the Human Capability Development Program, speaks during the ceremony (Photo by: Turki Al-Agili)
Eng. Anas Al-Mudaifer, CEO of the Human Capability Development Program, speaks during the ceremony (Photo by: Turki Al-Agili)

The CEO of the Human Capability Development Program, Eng. Anas Al-Mudaifer, pointed to ongoing efforts to enhance the competitiveness of Saudis to keep pace with the changes in the labor market locally and the world.

He said the Program focuses on quality in university education and technical training, and providing continuous learning opportunities to prepare beneficiaries for future changes.

Since its launch in 2021, the Program, one of the Vision 2030 initiatives, has been working to ensure the readiness of citizens at all stages of life by investing in national talents and competencies, ensuring alignment between educational outcomes and labor market needs, and promoting and supporting a culture of innovation and entrepreneurship.

Al-Mudaifer was speaking during the launch of the knowledge report of the Human Capabilities Initiative conference, under the title, “Developing Our Capabilities for a Bright Tomorrow,” on World Youth Skills Day on Monday in Riyadh.

He stressed that the program, over the past years, has sought to expand the availability of places in the kindergarten stage, implement major changes in public education, increase investment in talents, as well as offering many opportunities for students to complete their education, whether in local or international universities.

In his speech, Al-Mudaifer revealed that more than 10,000 male and female students have been sent on scholarships to the best 200 universities around the world, including more than 2,000 in the top 30 international universities.

He added that the program has offered training to more than a million beneficiaries in a partnership between the public and private sectors.

The report’s launch event, which was held at the King Abdullah Petroleum Studies and Research Center (KAPSARC), was attended by more than 150 experts and policy makers.