Total opening of economy in Saudi Arabia soon: Report – ZAWYA

Total opening of economy in Saudi Arabia soon: Report – ZAWYA

Economic activity restarts in the Kingdom slowly with the partial opening of malls.. RIYADH - Saudi Arabia will open its economy fully in the near future, according to an economic analyst, Fadel Al-Buainain, who said this at a time when the government decision to open commercial complexes, malls, private sector companies, and wholesale and retail shops across the Kingdom came into force on Wednesday.. "The cost of closing the economy is exorbitant and cannot be easily borne in the event of the continuation of the closure, and that the damage of the closure is as tough as the consequences of coronavirus," he said, while stressing that the partial opening is the beginning of a new phase to reach the total opening in the event of receding the epidemic cases.. Al-Buainain said the partial opening decision would contribute to ease the burden on the economic establishments by returning to work and benefiting from the most important commercial season for malls in the second half of Ramadan before Eid Al-Fitr.. It is expected that the decision will reflect in the economy, the industrial and commercial sectors and will reduce the burden of the government in bearing the consequences of the economic pandemic,