Riyadh Chamber reviews initiatives to mitigate the impact of the coronavirus pandemic

Riyadh Chamber Chairman Ajlan bin Abdulaziz Al-Ajlan expressed his optimism about the promising future of the Saudi economy despite the effects of the repercussions of the Corona pandemic crisis, and emphasized that the Kingdom enjoys a strong economy. He praised the role of SAMA in supporting the private sector to overcome the stage.

He appreciated the efforts of the government of the Custodian of the Two Holy Mosques and his Crown Prince, may God protect them, and its support for the private sector, stressing the strength of the Kingdom's financial and economic situation in the face of the Corona crisis, this came during his participation in the meeting organized by the Riyadh Chamber represented by the Investment and Securities Committee remotely last Monday evening to review SAMA's initiatives to mitigate the impact of the Corona pandemic on the private sector, explaining that work will continue to support and develop the private sector indicating that the concerned authorities are keen on quickly disbursing private sector receipts in the framework of the state keenness to support and promote the private sector and play its role in supporting the national economy, noting that its return SAMA

For his part, Mohammed Al-Sayer, a member of the Board of Directors and Chairman of the Investment and Securities Committee, stressed at the meeting the importance of having a crisis management that helps in addressing such a pandemic and minimizing risks, explaining the role played by the Chamber in facing the Corona crisis and addressing its impact on the private sector and communicating with officials to find solutions, indicating that the Chamber has implemented more than 75 thousand electronic operations to serve the business sector remotely, calling for integrated work between all parties to overcome the effects of Corona.

Mohammad Al-Hamza, Director of the Financial Supervision Department for Finance Companies in charge of SAMA, reviewed the objectives of the 50 billion riyals program to reduce the effects of Corona and mitigate the impact of precautionary measures on small and medium enterprises and enable them to overcome the current stage.

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

عبدالعزيز العيسى رئيس التحرير يكتب: Monetization. Post-pandemic investment

"أملاك" تستطلع العقاريين حول مستقبل المزادات.. Mixed opinions on online real estate auctions. Chances of success are high