Saudi Arabia's investment news in Q1 2020

In this fifth edition of ''Investment Highlights'' brought to you by Invest Saudi, we look at the first quarter of 2020, breaking down the measures and stimulus packages taken by the Saudi government, and analyzing the impact caused by COVID-19 on the Saudi economy.

Q1 2020 represented the Kingdom's strongest period for inward investment since 2010, with new foreign investor projects growing 19% year-on-year to 348 in Q1 2020. Meanwhile, March month-on-month growth revealed the first impacts of COVID-19 on Saudi Arabia.

The Saudi economy is resilient and our government is committed to ensuring business continuity. The monetary and fiscal stimulus packages announced by Saudi Arabia to ease the economic impact of COVID-19 amount to a total of $45 billion, representing approximately 5.8% of the country's GDP.

Special features include opening statement from H.M King Salman bin Abdulaziz Al Saud

during the G20 virtual summit, opening remarks from Khalid Al Falih, Minister of Investment, and exclusive opinion pieces by J.P Morgan and UNCTAD.

In this report:

• Opening remarks by Khalid Al Falih, Minister of Investment
• Saudi Arabia's G20 Presidency amid the COVID-19 crisis
• Expected COVID-19 impact on the economy and investment
• Comprehensive breakdown of the government's business stimulus package
• Local and foreign investors step up to the challenge