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Saudi Presidency of G20 Gives Rise to Global Initiatives

Saudi Presidency of G20 Gives Rise to Global Initiatives

Monday, 30 November, 2020 - 09:00
Saudi Presidency of G20 produced dozens of global initiatives in vital areas. (Bashir Saleh)

The 2020 G20 Riyadh summit, held under the Saudi Presidency of the G20, has produced initiatives and created international pathways that contribute to resolving challenges troubling a multitude of vital sectors.

Saudi Arabia’s hosting of G20 activities has given rise to global strategic initiatives. Riyadh served as a platform for launching initiatives in the fields of health, energy, education, technology, trade and development.

Activating such initiatives was a remarkable achievement for the G20. It was made possible through Riyadh’s reinforced cooperation and coordination with counterparts.

G20 countries have committed to empowering people around the world by generating economic opportunities, enhancing the planet’s sustainability and reaping the benefits of technological progress and innovation.

Saudi Arabia's position at the crossroads of the continents of Asia, Africa and Europe contributed to its important role in highlighting the perspective of the Middle East and North Africa region at the G20.

The 2020 G20 Riyadh summit was the first time the international forum holds its activities in an Arab country and the second time in the Middle East. In 2015, the group held its summit in Antalya.

Saudi Arabia’s G20 Presidency was centered around the theme of “Realizing the Opportunities of the 21st Century.” Three main global domains were tackled.

Empowering people through creating conditions that enable all individuals, especially women and youth, to live, work and prosper represented the first main domain.

Preserving the planet by enhancing cooperative efforts in relation to food and water security, climate change, energy and the environment constituted the second.

Lastly, the G20 focused on opening new horizons that are based on bold and long-term strategies for sharing the benefits of innovation and technological advancement.

Riyadh’s success in launching a number of initiatives with global effect was no accident.

The Saudi economy is considered the largest in the region, enabling the Kingdom to play a special role in the G20 as a country. Sharing common issues with developing countries, Saudi Arabia was able to help bridge the gap between regional and global sides.

Thanks to Saudi Arabia’s focus on financial stability and balance in economic growth, Riyadh was able to translate the meetings of world economic leaders into transforming institutional action in a way that changes the world.

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