Saudi FM: G20 'Ready to Intervene with Necessary Policies' over Coronavirus

Saudi Finance Minister Mohammed al-Jadaan speaks at the meeting of G20 finance ministers and central bank heads. SPA
Saudi Finance Minister Mohammed al-Jadaan speaks at the meeting of G20 finance ministers and central bank heads. SPA
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Saudi FM: G20 'Ready to Intervene with Necessary Policies' over Coronavirus

Saudi Finance Minister Mohammed al-Jadaan speaks at the meeting of G20 finance ministers and central bank heads. SPA
Saudi Finance Minister Mohammed al-Jadaan speaks at the meeting of G20 finance ministers and central bank heads. SPA

Finance leaders of the world's top 20 economies have agreed to continue monitoring the risks of the coronavirus outbreak, Saudi Finance Minister Mohammed al-Jadaan said Sunday.

"We have discussed the outbreak of coronavirus in China and other countries and all the G20 countries agreed collectively on being ready to intervene with necessary policies," Saudi Finance Minister Mohammed al-Jadaan told a news conference.

The Group of 20 (G20) finance ministers and central bank heads faced a sober presentation by the International Monetary Fund (IMF), which predicted the epidemic would shave 0.1 percentage points off global growth.

"Global growth is expected to pick up modestly in 2020 and 2021. The recovery is supported by the continuation of accommodative financial conditions and some signs of easing trade tensions," the communique from the financial leaders, who met in Riyadh, said.

In his press conference, Jadaan said that Saudi Arabia continues to support Lebanon and its people, and that it is following its developments.

The Saudi Finance Minister said that the Kingdom is in contact with other countries to coordinate any possible support to Lebanon based on the economic reforms that Beirut should implement.



Saudi-British Air Connectivity Expands with New Virgin Airlines Route

The agreement was signed in the presence of Saudi Minister of Tourism Ahmed Al-Khateeb. (Photo: Turki Al-Aqili)
The agreement was signed in the presence of Saudi Minister of Tourism Ahmed Al-Khateeb. (Photo: Turki Al-Aqili)
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Saudi-British Air Connectivity Expands with New Virgin Airlines Route

The agreement was signed in the presence of Saudi Minister of Tourism Ahmed Al-Khateeb. (Photo: Turki Al-Aqili)
The agreement was signed in the presence of Saudi Minister of Tourism Ahmed Al-Khateeb. (Photo: Turki Al-Aqili)

Saudi Arabia and the United Kingdom are set to launch a direct route connecting Riyadh and London, following the signing of a cooperation agreement between the Air Connectivity Program and Virgin Atlantic.

The agreement, which was signed on Monday in Riyadh in the presence of Saudi Minister of Tourism Ahmed Al-Khateeb, aims to enhance air connectivity between the two kingdoms, facilitating access to various cities in Saudi Arabia. The route will operate daily between London Heathrow Airport and King Khalid International Airport in Riyadh starting in March 2025, using Airbus A330 aircraft.

Virgin Atlantic’s entry into the Saudi market marks the tenth airline to collaborate with the Air Connectivity Program since the beginning of 2024.

In remarks to Asharq Al-Awsat, Majed Khan, the CEO of the Air Connectivity Program said that the agreement will help bring visitors to and from Riyadh and other areas of Saudi Arabia, such as Jeddah, Dammam, and Madinah as major cities, and then to the Red Sea, Jazan, and Al-Baha, supporting the national tourism strategy.

He further explained that Virgin Atlantic’s direct flights between London and Riyadh will support the growth of inbound international tourism from the UK and North America’s airline network.

As a member of the SkyTeam alliance, Virgin Atlantic will enhance air connectivity alongside Saudi Arabia’s national carrier, Saudia Airlines, between Riyadh, London, and other destinations within the network.

Virgin Atlantic CEO Shai Weiss told Asharq Al-Awsat that the Kingdom is experiencing rapid growth driven by Vision 2030, noting that he looks forward to introducing UK customers to Saudi Arabia’s rich culture, heritage, and commercial hub.

Weiss noted that the new services will offer great opportunities for connecting friends, relatives, and businesses, not only within the UK but also in the US, thanks to the partnership with Delta Airlines.

He continued that the agreement will boost the codeshare with its SkyTeam partner, Saudia, further expanding connectivity across the region and beyond while offering new benefits to frequent customers.

Weiss also highlighted the positive impact this step will have in attracting more tourists to Saudi Arabia, which is developing its tourism industry.

Virgin Atlantic, which has a fleet of 45 wide-body aircraft, announced last month the purchase of seven additional Airbus aircraft.

The Air Connectivity Program aims to boost tourism growth in the Kingdom by enhancing connections between Saudi Arabia and the world, through the development of current and potential air routes.