Saudi Arabia is emerging as an economic powerhouse in the international financial system, according to a senior executive at the International Monetary Fund. The country has taken a leadership role following the G20 summit in 2020 and is chairing the IMFC. Saudi Arabia has been active in global initiatives, including debt relief and setting global priorities for emerging markets. The Kingdom's strong economic growth is attributed to diversification efforts and fiscal policies. The AlUla Conference for Emerging Market Economies will focus on recommendations for financial stability and sustainable growth, as well as the role of AI and digital transformation in economic development.