Economy
Strategy aims to support partnerships between investors
Oil activities lead GDP growth by 11.8% in Q2
Supported by large fixed stock of oil reserves, stable financial system
Saudi, US sign 18 agreements and cooperation memoranda
The Crown Prince and the US President shake hands with fists
Food and beverage segment has the greatest impact
S&P: Upturn underlined by a robust increase in new business levels
Allocations targeted several sectors including food and unemployment
Royal orders included the appointment of two deputy governors of SAMA
Companies Law facilitates establishment of organizations, encourages bold investment
Trade exchange during 5 years amounted to about 103 billion riyals
The Fund expects the Kingdom's GDP to grow by 7.6% this year
The Saudi-Jordanian Fund is a leap in promoting joint investments
Trade exchange jumps 62% to $9.1 billion in 2021
101 deals to create 5,800 new jobs in the domestic economy
Blame the increase in food, beverage, and transportation prices by 4.2%
"The government is able to control public finances and financial sustainability"
Results coming from a significant increase in oil activities
The kingdom could make $400 billion from oil industry this year
The initiative aims to mitigate the economic fallout of the pandemic
Women will improve the economic prosperity of Saudi
