Digital Economy Governance and Its Role in Enhancing Financial Stability: An Analytical Study of the Kingdom of Saudi Arabia's Experience (2020–2024)

Abstract

This research explores the role of digital economy governance in bolstering financial stability in Saudi Arabia from 2020 to 2024. Using a descriptive-analytical approach, we evaluate how regulatory frameworks have evolved to support financial structures in the face of technical shifts. The results show that digital governance plays a vital role in enhancing system efficiency and overall stability, particularly regarding FinTech innovation and joint sovereign ventures like "Project Aber." Our analysis of the Saudi model—built on structural resilience and centralized oversight under Vision 2030—reveals that digital governance has fostered technical tools that complement, rather than disrupt, traditional financial systems. During the study period, Saudi Arabia’s top global ranking in cybersecurity, alongside its advanced tech infrastructure, significantly stabilized the economy and expanded financial inclusion. Ultimately, the study provides policymakers with a strategic roadmap for balancing digital expansion with prudential requirements, emphasizing a necessary transition from technological consumption to production to ensure long-term stability