The Saudi Economy Weathered Shocks

  • Riyadh, KSA
  • 20 February 2024
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Saudi Finance Minister Mohammed Al-Jadaan said that the Kingdom enjoys a strong economy that has succeeded in overcoming many economic shocks.

He said that the Kingdom is working in clear government coordination with the private sector, investors, and stakeholders, stressing that it is keen to participate in multilateral global forums, such as the Group of Twenty, the IMF, and the World Bank, to achieve more cooperation and strengthen the global economy.

For his part, the Minister of Investment, Eng. Khalid Al-Falih, revealed that his country's economy has reached 16th place among the G20 countries, after the growth of the volume of domestic product to 4.1 trillion riyals ($ 1.093 trillion). Foreign direct investment has reached 52 percent since the launch of the Kingdom's Vision".

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

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