Al-Ajlan: The World Will Witness an Unprecedented Investment Renaissance Despite the Current Challenges

  • Riyadh, KSA
  • 15 July 2020
1

The President of the Council of Saudi Chambers, Ajlan Bin Abdulaziz Al Ajlan, emphasized that "the Kingdom of Saudi Arabia is distinguished in its immediate response to tackle the Corona pandemic, through governmental initiatives and dealing with the crisis, including providing funding and supporting the private sector by postponing and facilitating procedures and other successive decisions to protect citizens and residents."

Ajlan’s words came during his participation in the regional digital symposium of the Hong Kong Trade Development Council in cooperation with the Dubai Export Development Corporation and the Egyptian Industrial Development Authority to present global experiences on business continuity during the emerging Coronavirus pandemic.

Al-Ajlan touched on the support launched by the Saudi leadership, which amounted to 177 billion riyals, and paid 60% of the salaries of the Saudis in the private sector, and to provide support to several international organizations, including the World Health Organization, $10 million and $500 million for international relief efforts and other local and global support that had a positive impact Locally and internationally.

Al-Ajlan pointed out that "there will be a stunning economic development in the future in a number of sectors, including the software sector, industrial intelligence, technology, logistics, the health sector, and medical research, and the world will witness economic growth and an unprecedented investment renaissance, despite all the current challenges."

Source (Al-Sharq Al-Awsat newspaper, Edited)

Get an annual subscription in the quarterly Arab Economic bulletin

SUBSCRIBE NOW