FII: MISA says investment in jobs and supply chains secure pandemic growth

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RIYADH: Saudi Arabia’s Minister of Investment Khalid Al-Falih said the Kingdom put maintaining jobs and securing supply chains as one of its top priorities during the height of the pandemic, reported Argaam.

Speaking at the Future Investment Initiative in Riyadh he added that the Kingdom’s economy was able to remain flexible and grow as the health crisis eased.

The Minister said: “The pandemic came as a shock to the business enterprise sector; it taught us different lessons in various fields.”

Last month, the Kingdom forecast economic growth of 2.6% this year and 7.5% in 2022, in a pre-Budget statement, after a 4.1% contraction in 2020.