Investment Minister: Saudi Arabia dealt with COVID-19 pandemic with high resilience, gained investors’ confidence 2 Riyadh

Investment Minister: Saudi Arabia dealt with COVID-19 pandemic with high resilience, gained investors’ confidence 2 Riyadh

Riyadh, January 27, 2021, SPA -- The Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, affirmed that the Kingdom of Saudi Arabia has dealt with the repercussions of COVID-19 pandemic in a manner that surpassed many countries, through the leadership that demonstrated the Kingdom's resilience and its superior ability to deal with crises. It strengthened investor confidence, as foreign direct investment in the Kingdom increased greatly in 2020 compared to the previous year.

This came in session entitled "Leveling up: How will a new era of interdependence reinvigorate international investment?", within the Future Investment Initiative sessions, with the participation of Dr. Rania Al-Mashat, Minister of International Cooperation of the Arab Republic of Egypt; Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World; Lord Grimstone of Boscobel; Minister for Investment at the UK Department for International Trade and Eric Cantor, Vice Chairman and Managing Director, Moelis and Company. The session discussed policies aimed at enhancing investment and business partnerships, reflecting the prevailing realities and geopolitical situations.

Eng. Al-Falih expressed his optimism about the future of the global economy. He indicated that the world went through similar circumstances 100 years ago, as it faced the Spanish flu, and