Thursday, 16 January 2020

How G20 presidency is likely to deliver #Saudi economic boost - Arabianbusiness

How G20 presidency is likely to deliver Saudi economic boost - Arabianbusiness:

Saudi Arabia becoming the first Arab nation to take over the G20 presidency is likely to deliver a 0.2 percent boost to the kingdom's non-oil private sector GDP, according to new research.

The G20 presidency, which Saudi Arabia took over from Japan in December, will see it host world leaders for a global summit in its capital Riyadh on November 21-22.

The presidency comes as the oil-rich kingdom has promoted a liberalisation drive, including granting greater rights to women, but faced strong criticism over a crackdown on dissent and the murder of journalist Jamal Khashoggi.

A new research note from Jadwa Investment said: "Whilst Saudi Arabia’s capital has hosted several large functions in the recent past, the G20 summit differs due to the sheer number of different events related to it.

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