B20 head extols Saudi Arabia’s efforts in hosting the G20 amid exceptional circumstances

Vice Chairman & CEO of SABIC and Chair of Business 20 (B20) Yousef Al-Benyan has thanked the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and HRH Crown Prince for their directives and their keenness on making the B20 summit meetings a success.

“G20 summit is the most prominent event in the world and it’s the most important forum for international economic cooperation,” Al-Benyan was quoted as saying on the Saudi Press Agency (SPA).

“The G20 member countries collectively represent about 80% of the global GDP, 75% of the global trade volume, and 70% of the world population,” he added.

“These days, we are witnessing intensive movements, preparations and meetings being led by Riyadh to hold an exceptional summit in unusual circumstances coinciding with the Coronavirus pandemic, adding that the pandemic’s repercussions have led to unprecedented health, economic and social challenges in the world,” the Chair of B20 said.

He further said that this exceptional situation constituted great challenges for the Saudi and global business sectors, which required introducing innovative solutions and ideas that contribute to the success of the summit and then contribute to the return of prosperity to the global economy.

He added that the Kingdom’s presidency of the G20 came at a time when the world is in need to follow a wise and comprehensive approach, in order to direct the global economy to address the negative phenomena caused by the Coronavirus pandemic.