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King Salman Says Pandemic Proved Flexibility, Strength of Saudi Economy

Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
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King Salman Says Pandemic Proved Flexibility, Strength of Saudi Economy

Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)
Custodian of the Two Holy Mosques King Salman bin Abdulaziz. (SPA)

Custodian of the Two Holy Mosques King Salman bin Abdulaziz stressed on Monday that the novel coronavirus pandemic demonstrated the flexibility and strength of the Saudi economy.

In an address before the Business 20, he said: “We are determined to boost development and prosperity through empowerment and investment in new sectors.”

Minister of Investment Khalid al-Falih read the speech on King Salman’s behalf.

“The empowerment of youth and women are among the main priorities of the G20,” continued King Salman.

Moreover, he stressed that the G20 has been committed to “plugging the financial deficit in the World Health Organization.” It has therefore, contributed 21 billion dollars to support the production of diagnosis tools, treatments, medicines and vaccines, ensuring that they are distributed to all in need.

It has also pumped around 11 trillion dollars to protect the global economy, committing to do “all it can” to overcome the impact of the pandemic.

The G20 has discussed best practices to support the revival of global trade, stimulate economic diversity and boost international investment, continued King Salman.

“We cannot speak about new horizons in the G20 without discussing innovative solutions that can help develop the financial infrastructure, improve global trade systems and protect the private sector,” he said.

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Saudi Arabia, Qatar Affirm Aspects of Further Bolstering Bilateral Ties

Saudi FM and his Qatari counterpart co-chairing the meeting of the Executive Committee of the Saudi-Qatari Coordination Council in Riyadh. (Saudi Foreign Ministry)
Saudi FM and his Qatari counterpart co-chairing the meeting of the Executive Committee of the Saudi-Qatari Coordination Council in Riyadh. (Saudi Foreign Ministry)
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Saudi Arabia, Qatar Affirm Aspects of Further Bolstering Bilateral Ties

Saudi FM and his Qatari counterpart co-chairing the meeting of the Executive Committee of the Saudi-Qatari Coordination Council in Riyadh. (Saudi Foreign Ministry)
Saudi FM and his Qatari counterpart co-chairing the meeting of the Executive Committee of the Saudi-Qatari Coordination Council in Riyadh. (Saudi Foreign Ministry)

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan and Qatar's Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani co-chaired the meeting of the Executive Committee of the Saudi-Qatari Coordination Council in Riyadh on Sunday.
The two sides discussed various aspects of further enhancing bilateral ties and cooperation in various fields.
In a speech he delivered at the onset of the meeting, Prince Faisal welcomed Sheikh Mohammed bin Abdulrahman Al-Thani and his accompanying delegation to Saudi Arabia.
He said the meeting is being convened to discuss aspects of further strengthening bilateral relations between the two countries to achieve the aspirations of the leaderships and peoples of the two countries, and promote relations towards broader horizons.
Prince Faisal said that the leaderships of the two countries consider the Coordination Council as a platform to consolidate fraternal relations in a way that achieves the Visions 2030 of both Saudi Arabia and Qatar.
The Qatari prime minister praised the distinguished efforts made by the committees emanating from the Council in updating the list of initiatives, and introducing measurable and implementable milestones.
He said the meeting is a milestone in the process of developing and deepening bilateral ties between the two countries, and an affirmation of their commitment to working in accordance with the directives of the leaders of both countries.
He expressed his aspiration to accomplish and implement everything as planned.
“Today we witness the fruition of great efforts exerted by heads of the committees, their teams, liaison officers and the General Secretariat team since the onset of the eighth session of the Qatari-Saudi Coordination Council. This session is responsible for many files of joint cooperation that we eagerly seek to complete and continue the work pace with momentum to achieve the desired goals”, the Qatari PM said.
He assured commitment to continue joint efforts in a way that meets the aspirations of the leadership of the two countries and their peoples.