The initiatives, announced by the Saudi Industrial Development Fund, are part of a wider package of governmental support, and include the deferral and restructuring of loan payments for hundreds of companies.
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…118 Views | the publication reaches you by | Saudi Arabia Today
Businesses are struggling to stay afloat after measures to slow the spread of the virus, coupled with historic turmoil in global oil markets, have upended the economy.
Gross domestic product is expected to shrink the most in two decades this year.
The kingdom had put a particular focus on developing its manufacturing and industrial sectors in recent years as part of Crown Prince Mohammed bin Salman’s plan to reduce dependency on oil.
The project for the design, engineering and procurement of the new 400,000m3/day Jubail II seawater reverse osmosis (SWRO)…213 Views | the publication reaches you by | Saudi Arabia Today
Do you have information you want to reach our readers?