Saudi Arabia is ‘fastest growing nation among G20 countries’

Saudi Arabia is ‘fastest growing nation among G20 countries’

The Kingdom’s membership of the G20 is a result of its increasing importance in exporting and pricing of global energy as well as the increase in the volume of its international trade and worldwide impact, the Saudi Press Agency reports.

It has also come about as a result of the increase in its financial resources, which are projected to rise in the future, thus increasing the importance of Saudi Arabia in the global economy.

The financial policies adopted by the Kingdom have a wide impact at the global level, affecting the activity of the economy and global trade through remittances abroad and the policy of investing in global securities. The expansion of the circle of influence of the Saudi economic role in the region also contributed to the classification of the Kingdom among the best emerging economies in the world alongside other emerging countries such as China, India and Turkiye, given the economic weight the Kingdom has in the Arab Gulf region, the Middle East and Arab countries.

Among the positive results of the Kingdom’s membership of the G20 group is the provision of regular communication channels with senior global financial and economic policy makers, which enhances bilateral cooperation with major countries. The