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.



Saudi Leadership Congratulates US President on Independence Day

A combined photo of Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud and Crown Prince and Prime Minister, Prince Mohammed bin Salman bin Abdulaziz Al Saud.
A combined photo of Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud and Crown Prince and Prime Minister, Prince Mohammed bin Salman bin Abdulaziz Al Saud.
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Saudi Leadership Congratulates US President on Independence Day

A combined photo of Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud and Crown Prince and Prime Minister, Prince Mohammed bin Salman bin Abdulaziz Al Saud.
A combined photo of Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud and Crown Prince and Prime Minister, Prince Mohammed bin Salman bin Abdulaziz Al Saud.

The Saudi leadership congratulated US President Donald Trump on his country’s Independence Day, the Saudi Press Agency said on Friday.

Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, sent a cable of congratulations to Trump wishing him continued good health and happiness, and the government and the friendly people of the United States steady progress and prosperity.

He also praised the strong, evolving relationship between the two friendly countries across all sectors.

In a separate cable, Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, congratulated Trump on Independence Day extending his well-wishes to the president, the government and the friendly people of the United States wishing them steady progress and prosperity.