The royal order was an extension of the continued efforts of the Saudi government to deal with the effects and consequences of the emerging Corona Virus pandemic and to take all measures to confront the financial and economic impacts on the private sector and the most affected economic activities. Repercussions of the epidemic.
On this occasion, the Minister of Finance and the Minister of Economy and Planning in charge, Mohammed bin Abdullah Al-Jadaan, confirmed that the government has taken a number of additional precautionary measures, which aim to provide cash liquidity to the private sector. To be able to use it in managing its economic activities, and to work continuously to study the effects and repercussions of the Corona crisis and its challenges in a number of sectors and regions, and to study opportunities to address them, whether with support, stimulus, or others.
Al-Jadaan explained that the additional initiatives prepared by the government were to support, exemptions and expedite the payment of the dues of the private sector, as an extension of what was announced of urgent initiatives to support the private sector, especially enterprises. Small and medium-sized businesses and economic activities most affected by the consequences of this pandemic, which exceeded 70 billion riyals, are exemptions and postponements of some government dues.
