07/04/2020
The Chairman of the Chamber praises the State's urgent initiatives to support the private sector in overcoming the economic consequences of the Coronavirus
The Chairman of the Chamber, Abdul-Hakim bin Hamad Al-Ammar Al-Khaldi, praised the urgent initiatives initiative launched by the state to support the private sector, especially small and medium enterprises and economic activities most affected by the consequences of the emerging Coronavirus (COVID 19), and Al-Khaldi said that allocating our rational government is worth 120 One billion riyals, of which 50 billion riyals provided by the Saudi Arabian Monetary Agency, within a set of urgent and intensive initiatives with multiple items and objectives; but it supports and supports the private sector in these emergency circumstances; and confirms the extent of the state’s professionalism in managing crises from various aspects, pointing out that this principle will mitigate many of these economic impacts resulting from the precautionary and preventive measures approved by the state in the face of the spread of the virus, and enable the sector to recover quickly, and overcome the economic consequences of the virus, whether by declining demand or production and even support it by continuing to play its role by promoting economic growth.
Al-Khaldi said that since the emergence of the Coruna virus and its spread in many countries of the world, the global economy has taken a pessimistic trend, with declining global demand, low industrial production, and increased restrictions on freedom of movement between countries, which has cost governments and business sector huge losses, and carried them Additional burdens regarding their current and future conditions, putting them in a true test of their ability to withstand the pressures of stagnation and bypassing the market slowdown, and crossing safely from the traumatic consequences of Corona.
