Coronavirus: King Salman issues new economic initiatives to support private sector
Saudi Arabia’s King Salman bin Abdulaziz issued a new order approving a package of economic initiatives to support the private sector during the coronavirus pandemic, Saudi Press Agency (SPA) reported.
For more coronavirus news, visit our dedicated page.
The stimulus package will include exemptions, relief measures, and accelerating payment of dues, SPA said.
The new initiative comes as an extention to King Salman’s royal order to disburse 9 billion riyals ($2.4 billion) to pay part of the wages of private-sector employees to deter companies from laying off their staff, which was issued earlier this month, according to SPA.
The Kingdom has also previously launched a 120 billion riyal ($31.9 billion) stimulus package, as well as other initiatives to mitigate the effects of the coronavirus on the economy.
Saudi Arabia has reported 5,369 confirmed cases of the coronavirus and 73 virus-related deaths so far.
Coronavirus: Saudi Arabia's King Salman orders temporary release of jailed debtorsSaudi Arabia’s King Salman bin Abdulaziz has suspended the judicial orders related to the imprisonment of debtors in private right cases, with ... News
Coronavirus: Saudi Arabia’s King Salman extends expiring reentry visas for 3 monthsReentry visas to Saudi Arabia which were set to expire between February 25 and May 24 will be extended for three months without charge, according to ... Gulf
Coronavirus: King Salman issues directive to allow Saudis to return to the KingdomSaudi Arabia’s King Salman bin Abdulaziz issued on Sunday directives for the foreign minister to work on procedures that will allow Saudi citizens to ... Gulf
Coronavirus: Saudi’s King Salman orders $2.39 bln aid to affected citizensSaudi Arabia's King Salman has ordered up to 9 billion riyals ($2.4 billion) to be disbursed to pay part of the wages of private-sector workers to ... Gulf