“Trade” and ”Finance” Discuss Mechanisms to Benefit from Private Sector Support Initiatives

Minister of Commerce and Acting Minister of Information Dr. Majed bin Abdullah Al-Qasabi and Minister of Finance and Acting Minister of Economy and Planning Mr. Mohammed bin Abdullah Al-Jadaan discussed mechanisms to maximize the private sector's benefit from the initiatives launched by government agencies to mitigate the effects of the repercussions of the COVID-19 pandemic, which consisted of exemptions and postponement of some government dues to provide liquidity for the private sector to use in managing its economic activities, and the measures taken in the framework of strengthening the preservation of the integrity of the financial sector in the Kingdom.

Measures taken in the framework of strengthening the preservation of the integrity of the financial sector in the Kingdom.

The meeting, which was attended by the President of the Council of Saudi Chambers Mr. Ajlan bin Abdulaziz Al-Ajlan and the heads of all chambers of commerce as well as the heads of The meeting discussed the status of the Saudi economy and its robustness and the stable outlook it enjoys stable outlook, which was confirmed by the recent reports issued by international agencies and the large international demand for Saudi bond issuances reflects the great confidence that the Kingdom's economy enjoys despite the turmoil in the global economy.

This virtual meeting is part of a series of meetings aimed at enhancing communication with the private sector and building a participatory relationship with investors; to monitor the negative financial and economic consequences facing their activities, discuss them, prioritize their treatment, and submit their views to take appropriate action on them. A working group has been formed to follow up on all updates regarding these meetings, and to explain and clarify the mechanisms for benefiting from these initiatives.

Related Topics: real estate - international trade - private sector - residential villas - licenses - loans - residential schemes - national campaign

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