“The positive economic data for June gives us confidence that the Saudi economy is rebounding from the impact of COVID-19 and that growth in foreign investment will begin to regain the strong momentum we have seen in recent years.”
-Khalid Al-Falih, Minister of Investment, in comments made as he announced that 506 new business licenses were granted in the first half of this year in Saudi Arabia, 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. [Arab News]
