Saudi economic recovery picks up as lockdowns ease

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Thu, 2020-09-03 17:28

RIYADH: Early evidence of economic recovery in Saudi Arabia came in statements from two ministers at the sharp end of the Kingdom’s strategy to combat the effects of the coronavirus disease (COVID-19) pandemic.

Saudi Minister of Investment Khalid Al-Falih announced that 506 new business licenses were granted in the first half of this year, with a burst in activity in June partly compensating for a big fall-off in April and May when lockdowns severely curtailed global investment activity.

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